In English: - Pin 1 + 2 on the GOTEK should be connected. - Three dumpers are required: JA, S1, MO.
The redwire of the flat cable should point to the power connector.
Formatting the USB stick is as easy as power-on the device with both buttons pressed. You are able to copy to the USB stick by selecting the "index" on the emulator. After pulling the USB stick out and loading it in the PC, the selected partition should match.