Me too ...! I thank you for your reply Pascal. It is very clear to me now. Given that I prefer to identify new and surf trends, I did not realize (or perhaps forgot) that the robot switches from trend following to consolidation range trading.
It now becomes the user's choice to identify one or the other and to enter the trade on his preferred environnement.
What also threw me off was that Billy publishes confluence pivots every day on GDX and thus, in my mind, it reinforced the impression that these pivot levels had some influence of the robot behaviour (risk management, Expected return probabilities, and so on...) while the statistics tell a different story.
Pierre