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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
[MT5 Data Folder]
└── MQL5
    └── Experts
        └── InnovaTrading_v5.ex5  ← Place 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:
https://cloud.innova-trading.com
5

Save

Click OK to save the settings
MT5 WebRequest settings
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:
ParameterDescriptionDefault
API_TOKENYour personal token (required)empty
BackendURLServer URLhttps://cloud.innova-trading.com
UpdateIntervalData sync frequency (seconds)1
SendHistorySync trade historytrue
HistoryDaysDays of history to send30
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

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Check the Experts Tab

Go to View → Toolbox → Experts tab (or press Ctrl+T). You should see messages like: 
InnovaTrading EA v5.0 initialized
Connecting to cloud.innova-trading.com...
Connected! Account: 12345678 (ICMarkets-Live)
Symbols loaded: 45
Sending account data...
Ready.

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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:
https://cloud.innova-trading.com
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