Free Forex Systems (MT4), Trend Following Systems

Bolli Toucher Reversal Trend

Bolli Toucher Reversal Trend is a Bollinger Band based swing-trading system, used to examine and signal the overbought/oversold conditions of the market. Besides, it also includes RSI double filters and Stochastics signals for better accuracy of the trade signals.

Bolli Toucher Reversal Trend adjusts with all types of timeframe charts thus, supports all kinds of trading styles. Moreover, it allows you to trade any forex currency pair you like within your MT4 terminal.

Bolli Toucher Reversal Trend Overview

Once you are done with the installation of the system on your MT4 platform, your chart will appear like the following image:

Bolli Toucher Reversal Trend Overview

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Bolli Toucher Reversal Trend Explanation

Bolli Toucher Reversal Trend Explanation
  • BolliToucher: It is a modified version of Bollinger Bands. Its lower bands represent the oversold area of the market. Its upper bands are treated as the overbought areas of the market.
  • RSI Filter: It applies a double filtering system using 2 different parameters of the Relative Strength Index. Both layers of RSI Filter turn white when the market is in a strong oversold condition and turns into pink color to signal the overbought status of the market momentum.
  • Stochastics: Its value rises above 80 signals the overbought conditions and drops below 20 means the oversold status of the market. It moves above 50 when the market is in a bullish momentum and drops below 50 to validate the bearish momentum of the market.

Bolli Toucher: Buy Parameters

Bolli Toucher Buy Parameters
  • Price hits the lower bands of BolliToucher
  • Both layers of RSI Filter turns white at the same time
  • Stochastics value remains near 20
  • Set stop loss below the lower band of BolliToucher
  • Exit long/take profit whenever RSI Filter turns pink and Stochastics value reaches above 80

Bolli Toucher: Sell Parameters

Bolli Toucher Sell Parameters
  • Price hits the upper bands of BolliToucher
  • Both layers of RSI Filter turns pink at the same time
  • Stochastics value remains near 80
  • Set stop loss above the higher band of BolliToucher
  • Exit short/take profit whenever RSI Filter turns white and Stochastics value reaches below 20
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I have been actively trading the financial markets since April 2012. Besides trading with my personal money I am a technical analyst in a mutual fund that has Rs. 1 billion in assets under management. At my leisure, I love attending live music, traveling, and partying with friends.

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About Trend Following System

Trend Following System's goal is to share as many Forex trading systems, strategies as possible to the retail traders so that you can make real money.

Risk Warning: Trading in the forex market is very risky. Thus, it is may not be for everyone. A highly leveraged position can work against the trader when the trade does not work as expected. Trading in the forex market can cause to lose a significant portion of the capital or all of the capital. It is crucial to learn about the trading and gain enough experience in the demo account before trading with real money. The trading strategies published on this website do not guarantee profit as the market is dynamic and unpredictable. The past performance of a strategy is not the indicative of future performance. Trend Following System will not accept any kind of liability or damage caused by trading the strategies published on this website.