Install the EA in MetaTrader 5
Six steps, about five minutes. Do them in order — step 3 is the one that causes almost every support ticket.
Before you start
- MetaTrader 5 installed on a Windows PC or a VPS. (The phone app cannot run an EA — that is a MetaTrader limitation, not ours.)
- Your licence key and the EA file, both in your dashboard under My Licences.
- A chart the EA is meant for: XAUUSD (Gold), M15.
Download the EA
Sign in → Dashboard → My Licences → Download EA. You get a file ending in .ex5. Keep it — do not rename it.
Put it in the Experts folder
In MetaTrader 5: File → Open Data Folder. A Windows folder opens. Go into MQL5 → Experts and paste the file there.
Then in MetaTrader: right-click anywhere in the Navigator panel → Refresh. The EA appears under Expert Advisors. If it does not, close MetaTrader and open it again.
Allow the licence server MOST MISSED
The EA asks our server whether your licence is valid. MetaTrader blocks all outgoing web requests until you allow the address by hand.
Tools → Options → Expert Advisors → tick “Allow WebRequest for listed URL” → click the empty line and type:
Open the right chart
XAUUSD (your broker may call it GOLD or XAUUSD.m), timeframe M15. Open it from Market Watch → right-click the symbol → Chart Window, then set M15 on the toolbar.
Attach the EA and paste your key
Drag RaeesConceptEA from the Navigator onto the chart. A settings window opens:
- Common tab → tick Allow Algo Trading.
- Inputs tab → find License_Key → paste your key, e.g. AIQX-XXXX-XXXX-XXXX-XXXX.
- Leave every other input alone the first time. The defaults are the tested settings.
Turn on AutoTrading and check the log
Press the AutoTrading button in the top toolbar — it must be green. The chart's top-right corner should show a smiling face.
Now open the log: View → Toolbox (Ctrl+T) → Experts tab. Within a few seconds you should see:
If something is wrong, the EA tells you
Every message below comes from the EA itself, in the Experts tab. Find yours in the left column — the fix is on the same line.
| What the log says | What it means, and what to do |
|---|---|
| CHECKING LICENSE... | Normal, for the first few seconds. Wait. |
| LICENSE MISSING - enter your key in License_Key input | The key box is empty. Right-click the chart → Expert Advisors → Properties → Inputs → paste the key. |
| LICENSE SERVER UNREACHABLE - retrying (check WebRequest URL whitelist) | Step 3 was missed, or typed wrongly, or the PC has no internet. Check the address is exactly https://aiquorix.com. |
| LICENSE KEY INVALID | The key does not exist on our server. Almost always a stray space or a missing character — copy it again from your dashboard. |
| LICENSE BOUND TO ANOTHER MT5 ACCOUNT | This key is already activated on a different account number. Open a support ticket to release it, or use the account it is bound to. |
| LICENSE BOUND TO ANOTHER MACHINE | Same key, different computer. This also happens after a Windows reinstall — tell support and we will release the binding. |
| LICENSE EXPIRED - renew at aiquorix.com | The plan has ended. Renewing extends the same key — no reinstall, no re-entering anything. |
| LICENSE SUSPENDED - contact support LICENSE TERMINATED - contact support |
An administrator stopped this licence. Open a ticket and we will tell you why. |
| LICENSE ACTIVE (server unreachable - retrying, grace ...) | Your internet dropped. The EA keeps trading for up to an hour while it retries — nothing to do unless it persists. |
| TESTER MODE (license bypassed) | You are in the Strategy Tester. Backtesting never needs a licence check, so this is expected. |
Run it on demo first
Attach it to a demo account for a few days before you put real money behind it. Not because we doubt it — because you should see how it behaves with your broker's spread, your server time and your own nerves before any of that costs you anything. Trading carries risk, and past results do not predict future ones.