P1333 on a BMW means the engine control module (DME) has detected an abnormally high voltage signal from the knock sensor assigned to cylinder 4, indicating a fault in that sensor's circuit or the sensor itself. The DME monitors the knock sensor's return voltage to detect engine knock, and a high input tells the module the signal is outside its expected range, so it may retard ignition timing as a protective measure.
You can usually continue driving with P1333, but avoid heavy acceleration or towing until the fault is repaired, as the engine may be running with reduced timing advance and performance. Prolonged driving with a knock sensor fault can lead to increased emissions and potential engine damage if knock goes undetected.
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Guidance is general and written for BMW vehicles. Exact tests and values vary by model, so confirm the fault before replacing parts.
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