I have been conducting an analysis of various high-frequency trading strategies and would like to initiate a discussion regarding the technical merits and risk management protocols associated with the Piranha Profits system. Specifically, I am seeking any empirical data or expert insights that detail the historical performance metrics, volatility parameters, and risk-adjusted returns attributed to this strategy. Additionally, it would be valuable to understand the underlying algorithmic principles and adaptive features that enable its claimed efficacy across diverse market conditions. Has anyone subjected this strategy to a rigorous back-testing regime or conducted stress tests to verify its resilience during market anomalies? Moreover, how does the risk management framework, particularly in terms of stop-loss mechanisms and liquidity considerations, compare to those employed in other quantitative trading systems? I appreciate any detailed technical evaluations or case studies related to these points.