The backtest results are based on Banknifty's last year's data. It has an initial capital of 100000 and the size of the lot is 1. The target is 12 % and stop-loss is 1.2 %(In the case of Nifty the stop loss will be 0.4%). The commission paid is Rs 15 per trade and the slippage is 3 ticks per trade. Adjust the commission as per your broker.
It is better to go with a maximum of 4 trades per day.
By using this strategy you can do fully automated trading in options and with Indian brokers
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