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Download the EA

First, download the correct file for your platform:

MetaTrader 5

InnovaTrading_v5.ex5For MT5 terminals

MetaTrader 4

InnovaTrading_MT4_v1.ex4For MT4 terminals

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Step 1: Find Your Data Folder

  1. Open MetaTrader 5
  2. Go to File → Open Data Folder
  3. Navigate to MQL5/Experts/
  4. Copy the .ex5 file here
After copying the file, you may need to right-click on “Expert Advisors” in the Navigator panel and select Refresh to see it.

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Step 2: Allow WebRequest

The EA needs permission to communicate with our servers.
1

Open Options

Go to Tools → Options (or press Ctrl+O)
2

Expert Advisors Tab

Click the Expert Advisors tab
3

Enable Required Options

Check these boxes:
  • ✅ Allow algorithmic trading
  • ✅ Allow WebRequest for listed URL
4

Add Our URL

Click Add and enter:
5

Save

Click OK to save the settings
MT5 WebRequest settings

WebRequest configuration in MT5

If you skip this step, the EA will show Error 4014 or Error 4060 when trying to connect.

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Step 3: Attach EA to Chart

1

Open a Chart

Open any chart (symbol doesn’t matter - the EA will report all available symbols)
2

Find the EA

In the Navigator panel (Ctrl+N), expand Expert Advisors and find InnovaTrading
3

Drag to Chart

Drag the EA onto your chart, or double-click it
4

Configure Settings

A settings dialog will appear. Go to the Inputs tab.

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Step 4: Configure Your Token

In the EA settings dialog, you’ll see these inputs:
1

Get Your Token

Go to innova-trading.com/dashboard/connect and generate a token if you haven’t already.
2

Paste the Token

In the EA settings, paste your token into the API_TOKEN field.
The token is only shown once when generated. If you lost it, generate a new one.
3

Enable Auto Trading

Make sure these are checked:
  • ✅ Allow live trading (in the “Common” tab)
  • ✅ Allow DLL imports (only if prompted)
4

Click OK

The EA will start connecting immediately.

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Step 5: Verify Connection

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Check the EA Status

Look at the top-right corner of your chart. You should see a “smiley face” icon, indicating the EA is running.
EA running on chart

EA running successfully

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Check the Experts Tab

Go to View → Toolbox → Experts tab (or press Ctrl+T). You should see messages like:

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Check Your Dashboard

Go to innova-trading.com/dashboard/connect. Your account should appear as Connected within a few seconds.

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Common Issues

Causes:
  • Missing or invalid API token
  • WebRequest not enabled
Fix: Double-click the EA on your chart, verify the token is correct, and check that WebRequest is enabled for https://cloud.innova-trading.com
Cause: WebRequest URL not allowedFix: Go to Tools → Options → Expert Advisors and add:
Cause: Invalid or expired API tokenFix: Generate a new token from your Connections page
Cause: Auto-trading is disabledFix:
  1. Click the “AutoTrading” button in MT4/MT5 toolbar
  2. Or check “Allow live trading” in EA settings
Cause: Connection delay or token not linkedFix: Wait 5-10 seconds after attaching the EA. Check the Experts tab for any error messages.
For more issues, see the Troubleshooting Guide.

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VPS Installation

Running MT4/MT5 on a VPS? The installation is identical:
  1. Connect to your VPS via Remote Desktop
  2. Download the EA file directly on the VPS
  3. Follow the same steps above
VPS Recommendation: For 24/7 connectivity, use a VPS close to your broker’s servers. Popular options include ForexVPS, BeeksFX, and commercial VPS providers.

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Multiple Terminals

You can run the EA on multiple MT4/MT5 terminals simultaneously:
  • Each terminal needs its own API token
  • Tokens automatically lock to their first account
  • All accounts appear in your dashboard
See Multi-Account Setup for details.

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Next Steps

Create Tokens

Learn about token management

Multi-Account

Connect additional accounts