Most hosts, Go Daddy included require that the from address be a valid email address for your domain., you will not be able to use a dynamic From Address. if you click the from button in UE to access advanced from settings, you can use the dynamic binding for the reply to address.
To find the SMTP server settings, click the envelope icon in Universal Email.
Just FYI, Go Daddy is the most problematic hot for sending emails, their SMTP server can sometimes take days to relay the emails.
the normal SMTP Settings to use for go daddy are:
smtpout.secureserver.net
PORT: 25
but i have seen some domains use different settings.
