One ₹1,00,000 account shared by all 15 stocks, up to 5 trades at once (20% of the account each), 15-minute candles, stop loss and target as in the rules below, 0.01% slippage, all Indian charges. Stocks: RELIANCE, HDFCBANK, ICICIBANK, INFY, TCS, SBIN, BHARTIARTL, ITC, LT, AXISBANK, KOTAKBANK, HINDUNILVR, MARUTI, SUNPHARMA, BAJFINANCE.
Open High Low (OHOL) strategy backtest: stock by stock
| Stock | Trades | Won | Result after charges |
|---|---|---|---|
| ITC | 42 | 57% | +₹1,294 |
| ICICIBANK | 46 | 57% | +₹649 |
| HINDUNILVR | 39 | 49% | +₹190 |
| TCS | 44 | 41% | −₹79 |
| INFY | 35 | 57% | −₹329 |
| BHARTIARTL | 65 | 58% | −₹530 |
| AXISBANK | 42 | 45% | −₹638 |
| LT | 38 | 42% | −₹655 |
| KOTAKBANK | 51 | 43% | −₹856 |
| SUNPHARMA | 38 | 42% | −₹1,113 |
| SBIN | 41 | 44% | −₹1,126 |
| RELIANCE | 56 | 39% | −₹1,280 |
| HDFCBANK | 62 | 35% | −₹1,965 |
| BAJFINANCE | 46 | 39% | −₹2,197 |
| MARUTI | 62 | 34% | −₹2,219 |
The Open High Low (OHOL) strategy rules we tested
- Wait for the day's first 15-minute candle.
- Buy when today's open is that candle's low (open = low) and price closes above that candle's high.
- Sell short when today's open is that candle's high (open = high) and price closes below that candle's low.
- Stop loss 1%, target 2%. Open trades close at the intraday square-off.
Also called: OHOL strategy, open = low strategy, open high open low strategy.
These are the exact rules we ran. Versions taught elsewhere may differ (where the stop goes, the candle size, extra filters), and a different version can give a different result. Change any of these in the Backtest Lab and run your own version.
Open High Low (OHOL) strategy win rate, accuracy and success rate: questions people ask
What is the success rate of the Open High Low (OHOL) strategy?
In our 12-month test on 15 NIFTY 50 stocks (2025-09-30 to 2026-09-30) it won 45.1% of 707 trades. Success rate alone can mislead: after all charges the account lost money (−10.8%).
Is the Open High Low (OHOL) strategy profitable after charges?
In this test, no: −₹10,852 on ₹1,00,000 after brokerage, STT, exchange fees, SEBI fees, stamp duty and GST (charges paid: ₹13,450). Results change with the stocks, period and settings.
Why do videos claim 80–90% accuracy for the Open High Low (OHOL) strategy?
Most claims count a few hand-picked trades, skip charges and slippage, or call a trade a win before it closes. A backtest takes every signal the rules give, on many stocks, and pays every charge.
How can I backtest the Open High Low (OHOL) strategy myself?
Open it in LeadFinn's Backtest Lab (/backtest?template=open_high_low) and run it on any NSE stock or basket, period and candle size. You can change the stop loss, target, trade size and charges.
More strategy backtests on NSE
Past results do not promise future returns. This is research, not advice. Numbers refresh when this page is rebuilt; the Backtest Lab always runs on the latest candles.