D.O.T.S. Method Installation

Watch these videos to install and setup the D.O.T.S. Method indicator. Follow the instructions below the videos to complete the install and setup.

*** IMPORTANT UPDATE ***

MetaTrader 4.0 has upgraded to Build 765 and higher. Check your Build number BEFORE installing.

How do I find the Build Number?

  1. Open MetaTrader 4.0.
  2. Go to the top menu bar.
  3. Select “Help”.
  4. In the drop-down menu, select “About”.
  5. A pop-up window will appear like shown.
  6. Build number is in the lower left corner.
  7. It will be 765 or higher.
  8. If you do not have Build 765 or higher,  download a new MT4 platform from your broker or click here.

BEFORE YOU INSTALL THE NEW VERSION, UNINSTALL THE PREVIOUS VERSION.

To uninstall, from your computer desktop, click Start > Control Panel > Programs. Locate and click on the previous “CompassFX DOTS Method” version and select “Uninstall”. We recommend to follow the instructions below before installing DOTS.

Allow DLL Imports in MetaTrader 4.0

The next step is to “Allow DLL imports” within MT4.   The D.O.T.S. Method indicator will not operate properly without this setting.

To locate the “Allow DLL imports” setting, follow these steps:

  1. Open MetaTrader 4.0.
  2. Go to the Top Menu bar.
  3. Select “Tools”.
  4. In the drop-down menu, select “Options”.
    MT4_tools_cfx
  5. A pop-up window will appear similar to the one below:
    options
  6. At the top of the window, click on the “Expert Advisors” tab. The window will change to the one below:
    allow_dll
  7. Check the box to the left of “Allow DLL imports” (marked by the red arrow).
  8. Click the “OK” button.
  9. Repeat this process for each MT4 platform on your computer.

Set Maximum Bars in a Chart

The next step before installing D.O.T.S. Method is to set “Max bars in chart.”   The D.O.T.S. Method indicator compares historical price movement to current price conditions. Therefore, the MT4 platform requires enough historical data for DOTS to run properly.

To locate the “Max bars in chart” setting, follow these steps:

  1. Open MetaTrader 4.0.
  2. Go to the Top Menu bar
  3. Select “Tools”.
  4. In the drop-down menu, select “Options”.
    MT4_tools_cfx
  5. A pop-up window will appear similar to the one below:
    options
  6. At the top of the window, click on the “Charts” tab. The window will change to the one below:
    Max_bars_chart
  7. Click the field to the right of “Max bars in chart ” (marked by the red arrow).
  8. Enter 65,000.   NOTE: ” Max bar in history ” should be 100,000.
  9. Click the “OK” button.
  10. Repeat this process for each MT4 platform on your computer.

Installing D.O.T.S. Method

Follow these steps to complete the D.O.T.S. Method installation:

  1. Close all MT4 applications.
  2. If you have a previous DOTS version, uninstall it.
    Go to Start > Control Panel > Programs > CompassFX DOTS…and select Uninstall. Follow the Uninstall prompts.
  3. Restart the computer.
  4. Disable the anti-virus software.
  5. Click on the Install link: Install DOTS v5.0 for MetaTrader 4.0
  6. A “File Download” window may appear. Click “OK” to download the file. Click “Run” to install.
  7. When the D.O.T.S. Method Setup Wizard appears, click “Next”
    dots_install_1
  8. Check “I accept ” the License Agreement and click “Next”.
    dots_install_2
  9. The next window is the Destination Location. Click “Next”.
    dots_install_3
  10. Enter your email address and personalized Software Key which was emailed to you. The email address must be the same     email used when registered for DOTS. Do not copy and paste your information…type it in the form.
    dots_install_4
  11. If a MT4 platform is running on your system, you will receive this notice. Locate the open MT4 and close it.
    dots_install_5
  12. This window will appear as D.O.T.S. is automatically installed in all MT4 platforms on your computer.
    dots_install_6
  13. When the installation is complete, this Setup Wizard window will appear. Click “Finish”.
    dots_install_7
  14. After installation, turn off and restart the computer.
  15. After rebooting the computer, Right-click the MT4 icon on your desktop and select “Run as Administrator”.
  16. After the MT4 platform opens, apply the “DOTS Method v5.0” indicator to a new chart.
  17. Download the DOTS Method User Manual.

How to Apply the D.O.T.S. Method

1. Open MetaTrader 4.0.
2. In the Menu bar at the top of MetaTrader 4.0, click on File.
3. Select New Chart from the pull-down menu.
4. Select a currency pair.
5. In the Navigator window, locate and click on the Custom Indicator folder.
6. Double click on the “DOTS Method v5.0” indicator to attach to the chart.
7. A Custom Indicator pop-up window will appear.
8. Either select the options available or click “OK”.
9. The DOTS Method indicator will automatically load onto the price chart.
10. To troubleshoot an issue, refer to the DOTS Method User Manual.

Technical Support

If you require additional assistance, please contact support@compassfx.com.

NOTE: D.O.T.S. Method indicator requires less than 1 Mb of hard disk space and operates in Windows XP, Windows Vista, Windows 7, Windows 8 or Windows 10 operating systems.

Compass FX Training Room

  • Moderator – Dean Malone
  • Room open 24 hours Monday – Friday. Moderator trainin at 9:00 – 11:30AM Eastern.
  • Develop your trader instinct and skill set LIVE in the market!
  • Live market analysis and instant feedback.
  • Identify and evaluate DOTS Method live in the market with various active strategies.
  • Learn valuable trade management techniques used in a variety of trading situations.
  • PLUS: Master the ability to recognize additional trade setups as market conditions change from day to day.

Trading Foreign Exchange (Forex) carries a high level of risk and is not suitable for all investors. There is a possibility that you could sustain a loss of all or more of your investment. Therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with Forex trading.

Forex trading has large potential risks. You must be aware of the risks and be willing to accept them in order to invest in the markets. Do not trade with money you can not afford to lose. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results. The Forex market is an “off-exchange” market which may affect your trading outcome.

CFTC RULE 4.41 – HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.

ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.