The problem with strategy like this is that the gap widens when it is trendy. It will be hard to gain much unless the price reverse and cross the last highest or lowest level again. If not one will be force profiting by the close trade of profiting for a set of time (4hrs previously). So this have been changed. Hear how hedgy (now version 2) will work from now on:-
Same like before
Open trade either buy or sell if there is no such trade (recently been closed)
This time ...
When open a new trade (say Buy) close half (50%) of the other trade
This would work this way
When open both are hedging say B:S 20:20
Say B is hit then S is closed by 1/2 and B is open again 20:10 Pr 20 loss-10
tbc