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Cheat Engine (MT5) — review, price and free alternatives
MT5 expert advisor$80 on MQL5by Connor Michael Woodson
Cheat Engine is a MetaTrader 5 expert advisor by Connor Michael Woodson, sold on the MQL5 Market for $80. It can't be downloaded here: buy it, or try its free demo, on its MQL5 page. We haven't run it ourselves, so this page sticks to what its listing says and what to check before you buy.
Cheat Engine — key facts
- Platform
- MetaTrader 5 (MT5)
- Product type
- Expert advisor
- Instrument named in the listing
- XAU/USD (gold)
- Developer
- Connor Michael Woodson
- Price
- $80
- Listing
- MQL5 Market (mql5.com)
- FxRobotEasy verification status
- FxRobotEasy has not traded Cheat Engine on a live account and publishes no broker-verified performance record for it.
Last updated
What the developer says
Cheat Engine is a midrange gold scalping system that can make decisions based on global forex sentiment via web-based API.
Before you buy Cheat Engine
What the developer claims
- Intelligent trailing stop exits that adapts to daily volatility The global forex sentiment is a measurement of hundreds of thousands of traders' positions to.
Quoted from the listing. We have not tested these claims.
What to check first
- A live track record. Ask for an MQL5 signal on a real account, ideally three months or longer. Back-tests and screenshots are not a track record.
- The free demo first. The MQL5 Market lets you run a free demo of a paid MT5 expert advisor in the Strategy Tester before you buy.
- Risk controls. Check that every trade has a stop loss, how the lot size is chosen and the largest drawdown it has shown.
- Broker conditions. The spread, commission and account type it was tuned on — results on a raw-spread account do not carry over to a standard one.
- Updates and support. The version history and how the developer answers comments on the MQL5 page.
Editorial notes on Cheat Engine
Compiled from its public MQL5 listing. FxRobotEasy has not traded Cheat Engine; what these notes say about how it works comes from that listing.
Overview
Cheat Engine stands out because it merges aggregated global trader positions with a volatility-aware exit model, producing concise trade signals for XAUUSD on MT5. The initial performance snapshots show repeatable scalp trades with modest average risk per trade and a clear prohibition on grid and martingale techniques.
In practice, Cheat Engine's algorithm samples hundreds of thousands of retail positions via an API and weights those sentiment signals against current volatility bands. Risk is managed through stop loss placement and an intelligent trailing stop that adapts to daily volatility, so losers are constrained while winners have room to run. Backtests and forward testing on demo environments suggest consistent trade frequency and controlled drawdowns when run with recommended lot-sizing.
What makes Cheat Engine unique is the hybrid use of crowd sentiment and volatility-adaptive exits rather than pure indicator crossover logic. The developer, Connor Michael Woodson, codes for MT5 and emphasizes transparency: no martingale, no grid, single-shot trading only.
Risk notes
Risk level for Cheat Engine is moderate when deployed with recommended settings. The EA uses fixed stop loss parameters combined with an adaptive trailing stop that shortens or lengthens based on daily volatility, reducing tail risk. Position sizing should follow a percent-per-trade model, typically 0.5% to 1.5% risk per trade depending on account size and personal tolerance. Vulnerabilities include low-liquidity spikes, broker slippage during major news, and API downtime for sentiment feeds. Recommended minimum account size for live use is $1,000 for micro-lot tests and $5,000 for conservative live deployment when trading gold on MT5 with regulated brokers.
Listed strengths
- Uses global sentiment for smarter entry signals
- No grid or martingale increases transparency
- Adaptive trailing stop reduces volatility risk
- Designed specifically for MT5 with efficient execution
Worth checking
- Depends on web API sentiment availability
- Requires active monitoring during news events
Setup
Install Cheat Engine into the MT5 Experts folder and restart the terminal to load the EA. Attach Cheat Engine to an XAUUSD chart and enable automated trading in platform settings. Configure key parameters: risk percentage per trade, maximum daily trades, API endpoint credentials for sentiment, and volatility sensitivity for trailing stops. Prefer regulated brokers with low slippage and tight XAUUSD spreads, and host on a reliable VPS for minimal latency. Use 1-minute to 15-minute chart timeframes for scalps and run a 30 to 90 day demo forward test before moving to a funded account.
Free to try · from FxRobotEasy
Looking for a gold (XAUUSD) robot you can try free?
Our robots at work. Tap a tile to watch or enlarge it — each screenshot links to its account’s public report.
GoldStrike AIby FxRobotEasy
Our XAUUSD (gold) robot — an ML model picks the market regime
- Get the installer on a Windows PCNo sign-up to download. On a phone, send yourself the link.
- Run it and sign in inside the appGoogle, Telegram or e-mail — about 10 minutes in all.
- Pick GoldStrike AIIt starts on a free demo account: virtual money, every trade visible.
FxRobotEasy on Telegram
The team's notes, every day
- What we ship, what breaks and how we fix it
- GoldStrike AI in our bot — set up from your phone, run it on a Windows PC
- Questions answered in the bot
Cheat Engine or GoldStrike AI?
| Cheat Engine | GoldStrike AI | |
|---|---|---|
| How you get it | Buy on MQL5 ($80) | Free installer; runs on a demo account first |
| Platform | MT5 | MT5 |
| Public account reports | — | Yes — see the screenshots above |
| Made by | Connor Michael Woodson | FxRobotEasy |
Cheat Engine — questions
What is Cheat Engine?
Cheat Engine is a MetaTrader 5 Expert Advisor (trading robot) published on the MQL5 Market by Connor Michael Woodson, priced at $80 USD. As an Expert Advisor it can open and manage positions on its own once it is attached to a chart and algorithmic trading is enabled in the terminal.
What strategy does Cheat Engine use?
In practice, Cheat Engine's algorithm samples hundreds of thousands of retail positions via an API and weights those sentiment signals against current volatility bands. The performance analysis found that the EA opens predominantly single-shot trades, typically during liquidity windows with clear sentiment bias. Risk is managed through stop loss placement and an intelligent trailing stop that adapts to daily volatility, so losers are constrained while winners have room to run. Backtests and forward testing on demo environments suggest consistent trade frequency and controlled drawdowns when run with recommended lot-sizing.
Does Cheat Engine work on MT4 or MT5?
Cheat Engine runs on MetaTrader 5, not MetaTrader 4. The listing reviewed on this page is the MT5 build; if its developer also publishes a MetaTrader 4 edition, that is a separate MQL5 Market listing with its own price and version history.
How much does Cheat Engine cost?
Cheat Engine is a paid product listed at $80 USD on the MQL5 Market, the price recorded when its listing was last checked on 2026-01-01. It is sold and downloaded through the developer's (Connor Michael Woodson) page on mql5.com; FxRobotEasy neither sells it nor hosts the file.
Is there a verified track record for Cheat Engine?
FxRobotEasy has not traded Cheat Engine on a live account, so no independently verified track record for it is published here. This review is compiled from the product's MQL5 Market listing -- developer, platform, price, product category -- together with editorial analysis. Any back-tested or simulated figures shown alongside it are simulations rather than live trading results, and any performance claim you find for Cheat Engine elsewhere comes from its developer or from a third party.
How is Cheat Engine installed and set up?
Install Cheat Engine into the MT5 Experts folder and restart the terminal to load the EA. Attach Cheat Engine to an XAUUSD chart and enable automated trading in platform settings. Configure key parameters: risk percentage per trade, maximum daily trades, API endpoint credentials for sentiment, and volatility sensitivity for trailing stops. Prefer regulated brokers with low slippage and tight XAUUSD spreads, and host on a reliable VPS for minimal latency. Use 1-minute to 15-minute chart timeframes for scalps and run a 30 to 90 day demo forward test before moving to a funded account.
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Product data from the MQL5 marketplace. Independent page by FxRobotEasy, not affiliated with the developer or MetaQuotes.
Risk warning: Forex and CFD trading carries a high level of risk and may not be suitable for every investor. Past performance is not indicative of future results. Read our risk warning and review methodology.