EMA50150 with SMA150 Stop-loss and Re-Entry #ganges

This strategy is a trading system that uses Exponential Moving Averages (EMA) and Simple Moving Averages (SMA) to determine entry and exit points for trades. Here's a breakdown of the key components and logic:

Key Indicators:
EMA 50 (Exponential Moving Average with a 50-period window): This is a more responsive moving average to recent price movements.
EMA 150 (Exponential Moving Average with a 150-period window): A slower-moving average that helps identify longer-term trends.
SMA 150 (Simple Moving Average with a 150-period window): This acts as a stop-loss indicator for long trades.
User Inputs:
Start Date and End Date: The strategy is applied only within this date range, ensuring that trading only occurs during the specified period.
Trade Conditions:
Buy Signal (Long Position):

A buy is triggered when the 50-period EMA crosses above the 150-period EMA (indicating the price is gaining upward momentum).
Sell Signal (Short Position):

A sell is triggered when the 50-period EMA crosses below the 150-period EMA (indicating the price is losing upward momentum and moving downward).
Stop-Loss for Long Positions:

If the price drops below the 150-period SMA, the strategy closes any long positions as a stop-loss mechanism to limit further losses.
Re-Entry After Stop-Loss:

After a stop-loss is triggered, the strategy monitors for a re-entry signal:
Re-buy: If the price crosses above the 150-period EMA from below, a new long position is triggered.
Re-sell: If the 50-period EMA crosses below the 150-period EMA, a new short position is triggered.
Trade Execution:
Buy or Sell: The strategy enters trades based on the conditions described and exits them if the stop-loss conditions are met.
Re-entry: After a stop-loss, the strategy tries to re-enter the market based on the same buy/sell conditions.
Risk Management:
Commission and Slippage: The strategy includes a 0.1% commission on each trade and allows for 3 pips of slippage to account for real market conditions.
Visuals:
The strategy plots the 50-period EMA (blue), 150-period EMA (red), and 150-period SMA (orange) on the chart, helping users visualize the key levels for decision-making.
Date Range Filter:
The strategy only executes trades during the user-defined date range, which helps limit trades to a specific period and avoid backtesting errors on irrelevant data.
Stop-Loss Logic:
The stop-loss is triggered when the price crosses below the 150-period SMA, closing the long position to protect against significant drawdowns.
Overall Strategy Goal:
The strategy aims to capture long-term trends using the EMAs for entry signals, while protecting profits through the stop-loss mechanism and offering a way to re-enter the market after a stop-loss.