Discussion of article "Movement continuation model - searching on the chart and execution statistics"

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New article Movement continuation model - searching on the chart and execution statistics has been published:
This article provides programmatic definition of one of the movement continuation models. The main idea is defining two waves — the main and the correction one. For extreme points, I apply fractals as well as "potential" fractals - extreme points that have not yet formed as fractals.
Movement continuation model described in the article consists of two waves: the main and the correction one. The model is schematically described in Figure 1. AB is the main wave, BC is the correction wave, while CD is the continuation of the movement towards the main trend.
Fig. 1. Movement continuation model
On the chart, this looks as follows:
Fig. 2. Movement continuation model on AUDJPY H4
In this article, we have analyzed the method of programmatically determining one of the movement continuation models. The key idea of the method is a search for a correction movement high/low extremum without applying any indicators. The consecutive points of the model are then detected based on the found extremum.
We also discussed the method of collecting statistical data based on the results of testing in the strategy tester by writing the test results into an array and their subsequent processing. I believe, it is possible to develop a more efficient way of collecting and processing statistical data. However, this method seems most simple and comprehensive to me.
Keep in mind that the article describes the minimum requirements for defining the model, and most importantly, the most minimal set of controls provided by the EA. For real trading, the set of controls should be expanded.
Author: Almat Kaldybay