Cheat Engine MT4
by Connor Michael Woodson · MT4
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Summary
Cheap Robot is a low-cost MT4 expert advisor by Andrey Kozak priced at $69. It may appeal to budget-minded retail traders seeking a simple EA, but its rating is not available and no verified performance stats exist. Several higher-priced MT5 alternatives offer polished features and 5-star ratings, though none provide verified live performance here either. Consider broker rules, spreads, execution quality and drawdown tolerance before buying. FxRobotEasy independently reviews all products listed and recommends testing in a demo account and using conservative risk settings.
Retail traders compare Cheap Robot with other EAs because cost, platform and evidence of live performance drive practical purchase decisions. Cheap Robot is an MT4 expert advisor costing $69, and many traders want to know how a budget EA stacks up against established MT5 and MT4 options that carry higher prices and stronger vendor reputations. Platform realities such as broker compatibility, minimum deposit, spread sensitivity and drawdown risk matter as much as features. Because no verified performance stats are available for several of these products, careful evaluation, demo testing and independent reviews like those from FxRobotEasy are essential before committing real capital.
| Metric | Cheap RobotMain Product | Trendopedia Ai Our bot | Cheat Engine MT4 | Chart Chopper Wolverine MT4 | Chiquita | Chandelier Breakout Gold |
|---|---|---|---|---|---|---|
| Rating | N/A | N/A | N/A | N/A | N/A | N/A |
| Price | $69 | $149 | $80 | $249 | N/A | $249 |
| ROI | N/A | +285.3% | N/A | N/A | +4.4% | N/A |
| Max Drawdown | N/A | 22.0% | N/A | N/A | 25.7% | N/A |
| Win Rate | N/A | 56.7% | N/A | N/A | 47.4% | N/A |
| Profit Factor | N/A | 1.42 | N/A | N/A | 0.87 | N/A |
| Total Trades | N/A | 497 | N/A | N/A | 921 | N/A |
| Downloads | 0 | N/A | 0 | 0 | 0 | 0 |
| Links |
ROI, drawdown, win rate, profit factor and trade counts for MQL5 listings are FxRobotEasy modelled Strategy Tester aggregates — simulated, not live or broker-verified. Rating, price and downloads come from the MQL5 Market listing. The FxRobotEasy column is different in kind: those rows are one published trading account, read live from app.fxroboteasy.com at page build, not a modelled run. It is not like-for-like with the columns beside it, and the per-row winner marker compares a live account against simulations. Its rating and downloads are not tracked here.
Cheap Robot is an MT4 expert advisor created by Andrey Kozak and priced at $69. Its main strength is affordability: the low entry price makes it attractive for traders experimenting with automated trading without a large upfront commitment. As an MT4 EA it is compatible with many brokers and simpler to set up for users familiar with the platform. Weaknesses include an unavailable rating and no verified performance statistics, so potential buyers cannot confirm live returns or drawdown behavior. Platform realities matter: broker spreads, execution quality and potential requotes can materially affect an EA’s results, and drawdowns are a real risk with any automated strategy. Cheap Robot may suit budget-conscious traders who will run it on a demo account first, use conservative risk settings, and monitor trades closely. FxRobotEasy independently reviews all products and recommends testing before live use.
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Cheap Robot is a reasonable entry-level MT4 expert advisor for budget-conscious traders at $69, but its unavailable rating and lack of verified performance stats mean buyers must act cautiously. Many alternatives are higher-priced MT5 EAs with 5 ratings, yet they also lack verified live statistics here. Key factors are broker compatibility, spread sensitivity, execution latency and drawdown tolerance rather than price alone. FxRobotEasy independently reviews all listed products and recommends demo testing, strict risk controls and conservative sizing. For traders wanting verified options, consider FxRobotEasy’s vetted bots alongside these alternatives before committing capital.
Cheap Robot is worth considering if you want a low-cost MT4 EA to trial strategy ideas, but note its rating is not available and no verified performance stats are provided. Use a demo account to test on your broker’s conditions, monitor execution and spreads, and apply conservative risk settings. Avoid assuming past profitability; drawdowns and slippage can materially affect results.
The best alternative depends on priorities. If you want MT5 features and a reputable vendor, PZ Stop And Reverse EA MT5 (priced $149) or Market Anomalies EA ($99) may fit. All listed alternatives show a 5 rating here but have no verified live statistics in this review. Choose based on platform (MT4 vs MT5), cost, strategy type, and test performance on your broker before a live deployment.
Decide by platform needs, broker support and strategy goals. MT5 EAs can offer more advanced features and are often preferred for new development, while MT4 remains widely supported. Consider spreads, execution latency, swap rates, and backtested versus live record. Since verified stats are not available for many EAs here, run demo tests, evaluate drawdown behavior, and size positions conservatively before moving to live funds.
While evaluating Cheap Robot and its alternatives, consider Trendopedia Ai, developed by FxRobotEasy. Its review page covers the strategy, settings and the published trading accounts. The figures below come from one published account, read live from app.fxroboteasy.com; the date they were computed is shown with them, and they are absent when that account has no closed trades to report.
+285.3%
Total Return
22.0%
Max Drawdown
57%
Win Rate
497
Total Trades