The Blower Stopper V3 System – A Comprehensive Review
The Blower Stopper V3 System is an innovative forex trading strategy designed to help traders profit consistently in the foreign exchange (forex) market. In this comprehensive review, we will cover everything you need to know about this system, including:
What is the Blower Stopper V3 System?
The Blower Stopper V3 System is a rules-based price action trading strategy that aims to catch big moves in the market. It was developed by a trader named “Pride” and made available in 2021.
Some key features of the Blower Stopper V3 System:
- Designed for the MT4 and MT5 trading platforms
- Uses multiple time frame analysis
- Employs price action trading concepts
- Includes custom indicators and template
- Gives clear entry, stop loss and take profit levels
How Does the Blower Stopper V3 System Work?
The Blower Stopper V3 System has specific entry rules that traders must follow in order to take a trade. These rules are based on the indicators and their alignment across different time frames.
Here is a quick overview of how the system identifies trades:
1. Check higher time frames for overall market direction bias
The system first analyzes the higher time frames like the daily and 4-hour charts to determine the overall trend direction. This gives context for the potential setups on lower time frames.
2. Identify setup on 30-minute chart using indicators
On the 30-minute chart, the trader looks for a specific pattern to form with the custom indicators. When the indicators align in the defined way, this gives a signal for a potential trade entry.
3. Confirm entry on 5-minute chart
The actual trade entry is then made on the 5-minute chart, using a series of candlestick patterns as the final confirmation. Entry rules are strictly defined, including the stop loss and take profit levels.
As you can see, the Blower Stopper V3 System uses a “top down” approach across multiple time frames. This allows it to identify high probability setups in the context of the larger trend.
Detailed trading rules are provided in the system documentation.
Key Benefits of Using the Blower Stopper V3 System
The Blower Stopper V3 System offers several benefits that make it stand out from other trading strategies:
The system is designed to capture big moves in the market, enabling large profit targets. For traders who follow the rules diligently, it can be highly profitable.
Clear entry rules, stop losses, and risk-reward ratios mean risk can be controlled on every trade. This helps preserve capital even through losing streaks.
Despite using multiple indicators across time frames, the actual system rules are relatively straightforward to understand and follow. This makes it easier to implement with consistency.
While best used as is, the indicators allow for some user customization. This means traders can tweak settings to suit their style or market conditions if needed.
Active Community & Support
As a popular system, there is an active user community in forums discussing setups, adjustments, and sharing experiences using it. The developer also offers support.
Overall, the system aims to put the odds of success in the trader’s favor. Like any system, it requires discipline, risk management, and persistence through drawdowns in order to reap the full benefits.
Using the Blower Stopper V3 System
If you decide to use the Blower Stopper V3 System, you will need to take the following steps:
1. Get the System Files
The Blower Stopper V3 System includes a set of custom indicators and a template file. These need to be downloaded and installed into the MT4 or MT5 platform.
The developer offers the system files through their website or approved vendors for a fee. This helps prevent unauthorized distribution.
2. Install the Template & Indicators
Once you have the system files, install them by copying the template and indicators into the relevant folders in your MT4/MT5 terminal files. Restart your platform to load them.
3. Set Up the Charts
The next step is to open a EURUSD chart with the 5 minute time frame, and add the indicators/template from the Navigator panel. You can then create additional 30 min and daily charts to complete the multi-timeframe analysis.
4. Analyze and Take Trades
Finally, analyze the charts for potential trade signals based on the entry rules defined in the system manual. When all criteria are met, take trades by placing stop loss and take profit orders at the prescribed levels.
Be sure to manage trades according to the strategy guidelines as they play out. This may involve moving stop loss levels at certain points to lock in profits as the market moves favorably.
It’s important to strictly follow the trading rules outlined in the original Blower Stopper V3 System documentation as this forms the basis of its edge.
Performance and Results
As with any trading system, the proof is in the actual results. When used correctly, the developer and users report that the Blower Stopper V3 System can regularly hit between 50-100 pips on average winning trades.
Real Account Results Posted
There are examples posted of the system being used on real accounts, showing consistent profits over multiple months. One 5-month period on an account trading 0.01 lots per trade showed gains of over 5,000 pips.
However, the usual disclaimer applies – past performance is not indicative of future results. Individual trader performance can vary dramatically based on account size, risk management, and other factors.
Ideal Market Conditions
The EURUSD currency pair on the 5 minute time frame is the ideal instrument and conditions to use this system. It can also work well with other major pairs that trend cleanly like GBPUSD and USDJPY.
As a trend following strategy, it performs best in market environments with sustained directional moves and volatility. Sideways, choppy markets can cause whipsaws and small losses.
Drawdowns to Expect
The developer reports that maximum drawdowns of between 20% – 30% can be reasonably expected when trading the system properly. This means properly implementing risk management rules like using stop losses religiously.
Drawdowns are a natural part of any trading strategy. Managing them requires patience and persistence to ride out losing periods before profitable trends resume.
Purchasing the Blower Stopper V3 System
The Blower Stopper V3 System is sold through the developer’s website and approved vendors only. This helps prevent unauthorized distribution and reselling of pirated copies.
At the time of writing, the cost is $97. This is line with industry norms for robust trading systems of this type.
Considering the profit potential from effectively trading the strategy, the price point makes it accessible for most small account traders.
Payments can be made via credit card or PayPal for ease of purchase. Activation of the system files is done manually by the developer, so buyers typically receive access within 24 hours.
All purchases come with a 30-day money back guarantee. So if for any reason you are not satisfied, you can get a full refund within 30 days of buying.
Look out for occasional discounts or bundle deals where the developer offers the system at a reduced promotional price for a limited period.
Pros and Cons of the System
Before deciding if the Blower Stopper V3 System for MT4 is suitable for you, consider some of the key pros and cons:
- Proven profitability for many traders
- Clear trading rules for entries, stops and targets
- Active user community for support
- Reasonably priced for retail traders
- Needs proper higher time frame analysis
- Can cause drawdowns of 20-30%
- Best results seen on EURUSD markets
- Requires fast execution 5 minute broker
The system carries more pros than cons, but be ready to apply the rules diligently, manage risk smartly, and show patience through temporary losses.
Verdict – Excellent for Disciplined Traders
The Blower Stopper V3 System deserves its reputation as a consistently profitable price action system when traded correctly. It has several built-in advantages that puts the odds on the trader’s side.
For disciplined traders who can show patience and stick to the rules without over-optimizing, it can produce excellent results over the long run.
The clear entry signals, risk management rules, potential for large rewards, and active community support makes this an outstanding system for novice and experienced traders alike.
Just be prepared to weather normal periodic drawdowns through losing streaks. Over time, the wins tend to outpace the losses by a comfortable margin.
So in summary, the Blower Stopper V3 System delivers on its promises and is a solid addition for any trader’s toolbox.