Should You Still Hack With Cheat Engine?
No Now that Arma has a better Anti Cheat Engine, Update you best stay away from it, matter of fact, Arma 3 Hacking, We should all it over, For those who can't afford to buy multiple accounts like Evskin, Extasy, Lystic, Etc. Stay away from hacking in Arma 3, Unless you want to get banned in Arma 3, You can say good bye to playing Arma 2, Arma 2 OA, etc.
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The BattlEye anti-cheat engine now handles bans across Arma 3, DayZ and also new SteamID-based bans issued in Arma 2: Operation Arrowhead. So, for example, a ban in Arma 3 will also apply to Arma 2: Operation Arrowhead and conversely.
This is bad information. First off cheatengine and methods like it are still the ONLY way to execute scripts that will guarantee you will not receive a ban.
Now the true released version of cheatengine can be detected by Battleye yes. This is because Cheatengine injects a Speedhack.dll into arma 3 whenever you select the process. This is what causes bans. Arma 3 also detects all windows with the text Cheat Engine 6.2 in the title. So if you find a cheatengine like program that does not have either of those (Speedhack or cheatengine title) then you will be perfectly safe using it for ALL Arma games.