I'm pretty sure that the cheats are working on all versions of Dolphin 5.0 that are even available to download and nothing else. There are dozens of people complaining about not being able to unlock the game, why don't you look into why that is happening?
I recently purchased a brand new copy of Melee on the Wii U Virtual Console for $4.99. I am beginning to test it with Dolphin 5.0-14344 and Gecko Code. I will update this topic with my results once I am done.
After looking into the problem further, I think the reason why the unlock wasn't working correctly on older versions of Dolphin (USA 1.00, 1.01, 1.02) was because the games were created with a version of Dolphin that didn't support the Gecko debugger. It was added for Dolphin 5.0-14344 (around May 17, 2017), and Dolphin doesn't have an option to disable the Gecko debugger. So it's possible some of the Gecko features that required the debugger weren't working correctly because the Dolphin version that used to unlock characters didn't have the Gecko debugger. If you can find a version of Melee that has been created with Dolphin 5.0 or later (version number should be around 5.0-14348 or higher), then it should work correctly.
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