Um for starters, dont run 5.2 get the newest version if your going to run a server. Also the post that was right below this but now is two below cause i bump up states as a topic header
SOLUTION to Error: 10060/10061
that should fix your errors
EDIT: are you trying to run a local server on your own comp with out setting up on the Eqemu login servers, if so follow this link to my set up and see if that helps any
Personal Server
Now if your trying to set up a server for you to login to under eqemu login follow the How to guides on the front of the site to set it up.