Here you are set up like your going to play locally, and only on your server (emu and client)
Code:
<!-- only specify these two if you really think you need to. -->
<address>192.168.1.113</address>
<localaddress>127.0.0.1</localaddress>
Here you are set up for WAN play (eqemulator login server)
Code:
<!-- loginserver information -->
<loginserver>
<host>eqemulator.net</host>
<port>5998</port>
<account></account>
<password></password>
</loginserver>
Make the 192 address your public IP, and change the 127 to your 192 address, and see if that helps. This is assuming that your not going to use minilogin.