DislikedIMHO, (and i have not read through all of this thread) what you are forgetting is that you still have to be a competent trader to use hedge techniquesIgnored
And all traders who think their profitability originates from the nedging and who believe nedging is a strategy are really not knowing what they are doing. They are profitable without knowing the reason for it, this means they could also fail without ever knowing why.
Therefore threads like this and the ridiculous false claims from nedgers cannot be allowed to remain unanswered so the next newbie who comes along and reads this has a chance to make an informed decision and not fall into this trap.
Therefore once again: nedging cannot contribute to the profitability of the strategy, it is only an alternative way to execute the same orders in different and more expensive way. Nedging is never needed for any strategy to work and every strategy that is executed by using nedged orders can also be used without the usage of nedging and would give the exact same profit/loss/risk/drawdown, etc.