So, we as traders must study under what premises these algorithms operate?
I think there is not much we can study. They will move the market whichever way they think makes them more money. These algos hunt the positions where the majority of stops are.
could we be talking about entering trading without Stop Loss?
That would be a suicide. Much better is to go to the daily time frame, set a not so tight a stop loss, and hope it won't be triggered.
even if that means being all day watching the graphic to react?
That is a total waste of time. Better set a stop loss and check whether it has been triggered once or twice a day. Otherwise you will be in a state of mild stress all day long.