NOTE: MetaQuotes has updated their MQL4 language and our tools won´t work on MT4 Build 600 and greater, nevertheless all our tools offer the same features and advantages as usual. We highly recommend reading this blog post about updating MT4 to Build 600.

4xSentinel

Installation

Steps:

  1. Download the Installer.
  2. Copy the Installer to your MetaTrader4 expert’s folder.
  3. Run the Installer and activate your software.
  4. Restart MetaTrader4.

1) After your purchase is completed, you will receive an email containing your download link. After the download finishes, open the folder where the file resides, right click and copy the file.

2) Navigate to: Computer>Local Disk (c:)> Programs Files>Your-Metatrader4 folder>Experts> and Paste the file you copied in step 1.

3) Restart your MetaTrader4, open a new chart, open the Navigator Window
(Press Control + n) and double click the Installer_4xSentinel from the list of Expert Advisors.

A window will pop up where you need to set a few options.
On the common Tab make sure you check the Allow DLL imports and Allow import of external experts and make sure Confirm DLL function calls is NOT checked.

Common Tab

A. On the Inputs Tab enter the PayPal Transaction ID, you will find your Transaction ID at the top of your PayPal receipt.

Input Tab

Example of PayPal email receipt.

PayPal receipt

If you have not received your PayPal ID within 8 hours or have any problems activating 4xSentinel, please send us a Support Ticket

4) When you are done entering the above information just press OK and the installer will run, when the installer finishes close the chart and restart your MetaTrader4 and 4xSentinel will be ready to use.
At this point 4xSentinel should be successfully installed.
Open a new chart and place the 4xSentinel expert and the _4xSentinel indicator in the chart you like to monitor.
If you wish to install 4xSentinel in multiple MetaTraders, repeat the installation process for each MetaTrader.

Properties Screen

Contents:

  • Setup
  • Common tab
  • Inputs tab

Setup:

After you finish the installation of 4xSentinel, you need to restart MetaTrader before you run it for the first time. You can repeat the process with as many pairs as you like.

Now you are ready to place 4xSentinel on the chart. To proceed, open the Navigator window (Press Control + n) > Expert Advisors > double click on 4xSentinel or drag and drop it on the chart.

Make sure “Expert Advisors” is enabled.

Now open the Navigator window (Press Control + n) > Custom Indicators > double click on _4xSentinel or drag and drop it on the chart.

Note: You must run both, the expert and the indicator on the chart you like 4xSentinel to monitor

IMPORTANT: TRADERS WITH FIXED SPREAD BROKER MUST REPLACE:

1) The Fixed minimum default value by deducting a number if = or >1 by adding a number if the default value is 0.

2) The Fixed maximum default value by adding a number.

Maximum must always be higher than the minimum.

Make sure all 4 boxes are checked.

To learn more about fixed spread broker Click Here

Common Tab:

On the common Tab make sure you check the Allow DLL imports and Allow import of external experts and make sure Confirm DLL function calls is NOT checked.

Common Tab

Inputs Tab:

Position: The default value is 0, and it will put your indicator on the top left of the screen, by changing it to 1, the position will be at top right, changing to 2 it will place it on the bottom left and changing to 3 it will place it on the bottom right.

The following view is with default position: 0

BrokerNickName: Will be used on the 4xSentinel reports, you can change it from its default name.

ReportFrequency: This is the frequency an automatically report will be generated, you can have the report pop up Hourly, Daily or Never

Note: You can have a report generated instantly by pressing F3 and replace the number of the pair you want by 1.
Example: You want to see the report for AUDCAD, just replace the 0 value for the number 1 and close the window.

Use_Small-Screen_Report: This affect only the size of the report on your screen to the contents of the report, if you use a large monitor screen replace false by true.

Open_Report_on_Web_Browser: If false it runs the report but does not open on the Web.

Report_to_Directory: Enter the Path for the folder you would like to send the reports to. This is a great feature to use on VPS in conjunction with service like DROPBOX, you can send the reports to the DROPBOX folder and it will automatically sync with your desktop running the DROPBOX software.

Maximum_Days_in_Report: This will set the maximum amount of days you want to store the information, if the report runs slow in your computer you can speed it up by changing this value to a smaller number.

Detection settings:

Enable_Alerts: If you set this value to false, the pop up will not appear when a suspicious activity is detected, you can still see the activity on the details screen of your report.

Min_Server_response_time: Set a value between 1 second to 5 seconds. This is the delay time you’d consider suspicious. The trades should be executed mostly in less than 1 second (average).

Min_Pip_Increase: Set a value (in percentage) you’d consider suspicious over the high spread.

Example Using Min_Pip_Increase = 10:

4xSentinel will then alert you if it detects that the spread at the moment closed your trade, has increased more than 10% than the spread recorder moments before you closed your trade.

Frac_Pip: If set true it will display the Pips correctly if your Broker uses Fractional Pip.

Update_Friday_Only: If set false 4xSentinel will update as soon as the new version is released.

Chart Interpretation:

At bottom left you will find the daily stats: High, Average, Low and Live spread for the current pair.

The graphic shows: the red squares if for the high spread, the yellow rectangles for the average spread and the green squares for the low spread for the current bar.

4xSentinel works in any chart period. To see the exact date and time just use the crosshair.

At top left you will find the Activity Panel”

Request: Quantity you opened and closed trades.

  1. 1) Quantity of re-quotes during the day.
  2. 2) ULT -Unexpected Long Time- (detected)
  3. 3) UHS -Unexpected High Spread and Slippages- (detected)
  4. 4) Average time your broker handle a request (open and closed trades)





Report interpretation:

You can select what you want to view by checking/unchecking Low, Average or High Spread.
You can select the period by clicking at Hour, Day, Week or Month and move the panel to right or the left.
If you prefer, select the area with your mouse, just keep pressing the right mouse button to cover the area you want to analyze. You can do this process as many times as you want to zoom in into the selected area. You can zoom in both vertical and horizontal axes.
You can reset any time to re-start.
All trades will be showed on this chart with the correspondent spread.

At the bottom of the chart you will find a daily stats brief:

By clicking on Daily details you will accesses to tick by tick report:

You can select what you want to view by checking/unchecking the following:

If you want to see the bid and/or ask and/or your trades on them check the corresponding square/s and make sure Spread and Trades Spread are unchecked.
If you want to see the spread only and your trades on it check the corresponding square/s and make sure Bid, Ask and Trades/Bid/ask are unchecked.
You can select the period by clicking at Second, Minute or Hour and move the panel to right or the left.
If you prefer, select the area with your mouse, just keep pressing the right mouse button to cover the area you want to analyze.
You can do this process as many times as you want to zoom in into the selected area. You can zoom in both vertical and horizontal axes.
You can reset any time to re-start.

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