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[Andreas]

I'm Trying to hedge a bet at a fixed stake of £5 but when I Hedge it uses lower stakes which makes it a loss in the end.
I played with the hedging settings but it doesn't seem to make any difference.

[BfBotManager]

"Hedge" rule will place bet so that you get equal profit/loss regardless of the outcome.

"Trade out" rule has option to place bet at same bet size but at better price than your initial bet.

You should either remove "Hedge" rule and use only "Trade out" rule OR remove "Trade out" rule and use only "Hedge" rule but enable "Close position" option that could be set to use same stake size but that could result in huge exposure if price moves against you.

Make sure you use simulation mode to test it all until you fully understand how this functionality works and also please read manual for details on each setting.