$begingroup$ In case you evaluate just a single instance, it could appear to be the frequency of hedging straight outcomes the EV/Avg(Pnl), like in your situation you described exactly where hedging each and every minute proved being much more lucrative. Kurt G.Kurt G. 2,38944 silver badges1717 bronze badges $endgroup$ three https://www.youtube.com/watch?v=qMmsQ4kKgY4