For those interested this will probably be the last time I post these results as I don't want this argument to go on forever (don't want to bring it up again). But the results are below for almost a month of testing:

Backing Progressive : $4800.10 PROFIT
Laying Progressive : $-35.70 LOSS

No Banks lost yet.

Looks like this works....

With 1 day to go this month it has made a stupid amount of money. It is up 380%.

Good Luck.