Looking at a long term scope, this strategy was supposed to beat even an early buy & hold. Mostly by reducing drawdowns significantly. So I made a quick backtest to see if the number actually held up and they do. $100 invested in MC versus a buy & hold. It significantly outperformed!
Realize this is not a quick in and out strategy, as you can see average trade is held for a few months. It does accomplish the goal of reducing drawdowns though (but not eliminating them). Now all we need is a time machine to play this from 2011 onwards. :)
Have a kick ass & prosperous 2020 everyone!
Its the classic timeframe decision compromise, longer timeframes will be more accurate but also introduce more lag and give later signals. Its really up to you to determine what model fits your risk tolerance and trading style the most!