Bolli Toucher Indicator MT4

The Bolli Toucher Indicator MT4 is a powerful tool designed to help forex traders capitalize on market movements by providing timely buy and sell alerts based on Bollinger Bands. This indicator is suitable for both novice and experienced traders, offering a straightforward approach to trading.

Key Features

Minimum Deposit: $500
Time Frame: Works on all time frames (M1, M5, M15, M30, H1, H4, D1)
Currency Pairs: Suitable for all major currency pairs (EUR/USD, GBP/USD, USD/JPY, etc.)

Strategy Overview

The Bolli Toucher Indicator operates based on the classic Bollinger Bands strategy. Here’s how it works:

Buy Signal: When the price touches the lower Bollinger Band, the indicator places a blue dot on the candle’s low, signaling a potential buy opportunity. Traders can enter the market with a buy trade and target the upper Bollinger Band.
Sell Signal: When the price touches the upper Bollinger Band, the indicator places a red dot on the candle’s high, signaling a potential sell opportunity. Traders can enter the market with a sell trade and target the lower Bollinger Band.

How the EA Takes Trades

Entry Points: The EA automatically enters trades when the price touches the upper or lower Bollinger Bands.
Stop Loss: A stop loss is placed above the previous swing high for sell trades and below the previous swing low for buy trades.
Take Profit: The take profit target is set at the opposite Bollinger Band.