Open up Photofiltre and and open up a new file whatever size you want. Type up the text that you want also but make sure the text is thick enough to handle this effect.
Now take the magic wand tool and zoom in and select any letter. After you have only the letter selected, right-click and select Stroke and Fill and set your settings as mine:
After all the letters are bordered pink take the magic wand tool again and zoom in and select the pink border. After you do right click and set your settings as mine: