I don't engage in hedging trading, because there's no way to make profit using it, it might be a good way to protect an account but what you should take note of is, when you're hedging, the position you're taking on opposite direction will be running on loss and whenever you close the position you will have a negative balance immediately, it is not a position that I enjoy being in.
You can also be unlucky and it start going opposite after you close your hedging positions, which will lead to more loss, so it is actually a no brainer.
Those that give excuses like, they are expecting a news, the best thing to do in such scenarios is to close the position and wait it out, Market has a way of compensating everybody and if you are not patient you'll definitely end up blowing up your account, I'll rather wait it out than to take a hedge position.