The welcome and adaptation of optical wireless technology by the modern era has brought forward the concept of an inter-satellite free-space optical communication system. In the present work, I study the combined effect of selection of different operating wavelengths and detector types along with the pointing errors at the transmitter and receiver side on the performance of an inter-satellite free-space optical link. The link performance has been optimized by measuring and analyzing the bit error rate and quality-factor of received signal under different scenarios. Performance of the inter-satellite link has also been investigated considering different modulation formats and data rates for LEO and MEO distances.