I've only just seen the thread, so coming in a bit late here!
But from what I've read so far...
Personal opinion, I think that you really need to go back to basics, set a flat profile and start again, but look at changing your profile 2 hours before, it may be that over-night to avoid the lows, you will have to do somthing like a couple of hours zero delivery, an hour delivery, then zero so that you getting some insulin into the body, avoiding the increased risk of DKA or blockages..
I noticed you said that you've taken your I hour adjustment timing, basing this on what happen's when you bolus for a meal, not the greatest of guides as it could be misleading as doing this is assuming that your basal is set correctly, which it very much sounds as if it's not!
When you bolus you could actually been overloading the system, as you are having too much basal from the start..
Hence why at the moment you seem to be runing in circles of high's and low's, the more you adjust using incorrect profiling the worse it's likely to get, hence the need to return to basics as a newbie to pumping and start from scratch... Which if you explain to your HCP why you doing this, I suspect that they will find it a good idea, as well in truth when it comes to adjusting our pumps to our best advange well that's really down to us, as really we only use them for giving us probably good ideas or hints etc..