Recieved through the post today the bleed valve I have been waiting for....problem it has 3 outlet pipes. I tobviously goes in the pipe between turbo and solenoid but where does the pipe from the bottom need feeding too?????

The third port is where the air the air that is bled off passes through. You could just leave it open, but personally I would pipe it back to the intake before the compressor. Probably tee it back into the line after the boost control solenoid.