Setup guide

From download to first check-in.

About ten minutes, start to finish. Follow the steps in order and tick them off as you go. If anything doesn't match what you see, the troubleshooting section at the end covers every message GOLDEO can show.

1

Download GOLDEO

  1. Sign in to your client area and go to Download & setup.
  2. Click Download EA. You'll get one file: GOLDEO.ex5.

The Download button appears once you've passed the identity check and your £20 licence payment is confirmed. If you've paid and pressed "I've paid", it usually unlocks the same day.

2

Set your EA password

  1. In your client area, open EA credentials.
  2. Choose an EA password (8–64 characters, no spaces) and click Set EA password.
  3. Make a note of your username (shown above the password box) and the EA password. You'll type both into GOLDEO in step 7.

Use a different password from your website login. If someone ever sees your EA settings, they still can't get into your client area.

3

Log in to your live account in MT5

  1. Open MetaTrader 5 on your computer or VPS.
  2. Go to File › Login to Trade Account. Enter your MT5 login number and password, and pick your broker's live server from the list (the name is in your broker's welcome email).
  3. Check your leverage is 1:500 or lower. Hover over your account in Navigator › Accounts, or look in your broker's client portal.

You should see: your balance in the Toolbox › Trade tab, and a connection indicator (bottom-right) showing data, not "No connection".

4

Install the file

  1. In MT5, click File › Open Data Folder. A folder window opens.
  2. Open MQL5, then Experts.
  3. Copy GOLDEO.ex5 from your Downloads into this Experts folder.
  4. Back in MT5, open the Navigator (Ctrl+N), right-click Expert Advisors and choose Refresh.

You should see: GOLDEO listed under Expert Advisors in the Navigator.

5

Allow the licence server

  1. Go to Tools › Options and open the Expert Advisors tab.
  2. Tick Allow algorithmic trading.
  3. Tick Allow WebRequest for listed URL.
  4. Double-click add new URL in the list underneath and enter this address exactly:
  1. Click OK.

Missing this step is the number one cause of "No connection" messages. The address must start with https:// and have no extra spaces or slash at the end.

6

Open the chart

  1. Go to File › New Chart and choose the symbol GOLDEO will trade.
  2. Set the chart timeframe using the buttons in the toolbar.

Symbol names vary between brokers. The same market may be called, for example, XAUUSD, XAUUSD.m or GOLD. Pick the one your broker uses for your account type.

7

Attach GOLDEO and sign in

  1. Drag GOLDEO from the Navigator onto the chart. A settings window opens.
  2. On the Common tab, tick Allow Algo Trading.
  3. On the Inputs tab, fill in Username and EA password from step 2.
  4. Leave the other inputs as they are, then click OK. You set GOLDEO's risk level in your client area, not here, so changing it on the chart has no effect.

Run GOLDEO on one chart per account. Each MT5 account it runs on is registered to your licence automatically on its first check-in.

8

Switch on Algo Trading

  1. Click the Algo Trading button in MT5's top toolbar so it turns green.
  2. Look at the top-right corner of the chart. The GOLDEO label has a small cap icon next to it, which should be blue, not grey.

A grey icon means trading is blocked: either the toolbar button is off, or "Allow Algo Trading" wasn't ticked in step 7. Right-click the chart › Expert list › Properties to change it.

9

Check it's live

  1. Within a minute, the chart shows "Licence active" in the top-left corner.
  2. In your client area, your MT5 account appears under Accounts with a green dot and "Licence active".
  3. If anything else appears, find the message under troubleshooting below.

Don't expect a trade straight away. GOLDEO waits for conditions it trusts, and that can take days.

10

Keep it running

  • GOLDEO only works while MT5 is open and online. Closing MT5, or a computer that sleeps or restarts, stops it.
  • For round-the-clock running, use a VPS (see requirements). With MetaQuotes' built-in VPS, set everything up as above, then right-click your account › Register a Virtual Server and migrate.
  • If GOLDEO can't reach our server for 12 hours it pauses new trades, then carries on automatically when it reconnects.
  • In your client area, choose whether this is your Growth account (pick an unlock date) or your Current account. GOLDEO starts trading once it has a type.
  • Statements appear in your client area: on your unlock date for a Growth account, on the 2nd of each month for a Current account. Pay within the due date to keep new trades flowing.

Troubleshooting

If the chart says…

"No connection to …" or "Licence server unreachable"

The licence server address isn't allowed in MT5, or it was typed slightly wrong. Go back to step 5 and check it matches exactly. Also check MT5 is connected to the internet (bottom-right corner). GOLDEO retries automatically every few seconds.

"Invalid username or EA password"

Use the EA password from your client area, not your website password. Usernames are exact; check for stray spaces. If in doubt, set a new EA password (step 2), then right-click the chart › Expert list › Properties › Inputs and re-enter it.

"Live accounts only - demo accounts are not supported"

You're logged in to a demo account. Log in to your live account (step 3). GOLDEO picks it up straight away.

"Leverage 1:… is above the 1:500 limit"

Your account's leverage is higher than GOLDEO allows. Lower it in your broker's client portal, or ask their support, to 1:500 or less. GOLDEO resumes at its next check-in.

"Licence not activated - complete your purchase"

We haven't confirmed your £20 licence payment yet. Pay from your client area and press "I've paid". GOLDEO activates once it's confirmed.

"Live account limit reached"

Your licence covers 2 live accounts and GOLDEO is already registered on that many. Contact us to move your licence to a different account.

"Choose Current or Growth for this account"

Each live account needs a type before GOLDEO trades on it. Open Your accounts in your client area and choose. The EA picks it up within a minute.

"Growth account - choose your unlock date"

Your Growth account's lock ended and renewal was off. Choose a new unlock date in your client area, or make it your Current account.

"Payment overdue … new trades paused"

A statement has passed its due date. Pay it from your client area. Open trades are still managed, and new trades resume once payment is confirmed.

"This MT5 account is registered to another licence"

Each MT5 account can belong to one GOLDEO licence. If it's yours, contact us and we'll sort it out.

"Paused…" or "Halted…"

We've paused GOLDEO, for example during abnormal market conditions. No action is needed; it resumes automatically. Details appear in your client area.

GOLDEO isn't in the Navigator

The file is in the wrong folder, or the list wasn't refreshed. Use File › Open Data Folder from the same MT5 you're using (each MT5 install has its own folder), put the file in MQL5 › Experts, then right-click Expert Advisors › Refresh.

No message on the chart at all

Check the cap icon in the top-right corner (step 8). Then open Toolbox › Experts at the bottom of MT5. GOLDEO writes what it's doing there.

Still stuck? Contact us with a screenshot of the chart and the Toolbox › Experts tab.