Bolli Toucher Reversal Trend Forex Strategy – Effective Swing Trading
Hello friends! Bolli Toucher Reversal Trend is a swing trading system based on Bollinger Bands that is used to identify overbought and oversold conditions in the market. In addition, the Bolli Toucher Reversal Trend strategy also includes a double RSI filter and Stochastic Oscillator indicator to improve the accuracy of trading signals. The Bolli Toucher Reversal Trend Forex strategy adapts to all types of charts and timeframes , thus supporting all kinds of trading styles. Moreover, this strategy allows you to trade any Forex currency pair you like in your MT4 trading terminal.
Bolli Toucher Reversal Trend Strategy Features
Trading platform – MetaTrader 4
Strategy type – swing trading Trading
time – around the clock
Timeframe – any
Currency pairs – any
Recommended brokers:RoboForex, Forex4you, AMarkets
Bolli Toucher Reversal Trend strategy description
The Bolli Toucher Reversal Trend Forex strategy uses the following indicators:
- BolliToucher. This is a modified version of Bollinger Bands. Its lower bands represent the oversold area of the market, and its upper bands are considered overbought areas of the market.
- RSI Filter. The strategy uses a double filtering system that uses 2 different relative strength index parameters. Both layers of the RSI filter turn white when the market is severely oversold, and turn pink to signal an overbought condition.
- Stochastic Oscillator. A reading above 80 signals overbought conditions, while a reading below 20 indicates an oversold condition in the market. It moves above 50 when the market is in bullish momentum and falls below 50 to confirm the market’s bearish momentum.
When you download and install the strategy indicators on the MT4 platform, your chart will look like this:
Conditions for buying according to the Bolli Toucher Reversal Trend strategy
- The price reaches the lower limit of the BolliToucher;
- Both layers of the RSI filter turn white at the same time;
- Stochastic Oscillator is near level 20;
- If all signals match, open a buy trade and set stop loss below the lower bar of the BolliToucher indicator;
- Exit buying whenever the RSI filter turns pink and the stochastic value exceeds 80.
Terms of sales for the Bolli Toucher Reversal Trend strategy
- Price reaches the upper limit of the BolliToucher;
- Both layers of the RSI filter turn pink at the same time;
- Stochastic Oscillator is near level 80;
- If all signals match, open a sell trade and set a stop loss above the upper band of the BolliToucher indicator;
- Exit selling when the RSI filter turns white and the stochastic value drops below 20.
The Bolli Toucher Reversal Trend Forex Strategy is a versatile swing trading system that works well on both small timeframes and daily charts . You can use it as a scalping strategy on minute charts, impulse intraday trading on hourly time frames, or trend trading on H4 and D1 time frames.