Quote from brad125 on July 7, 2012, 06:29
hi in banc de binary under option builder,and when you click on the duplicate trade button,what is the maximum time until you cant use it,for example if you are doing a 15 min trade can you use the duplicate trade button anywhere up to say 5 min away until it expires,what is the maximum time? and does the maximum time change depending on what expiry you choose or currency pair? thanks
The duplicate trade button simply enters you into a trade with the same position size and EXP time as your previous trade, but at the current strike price. It would be the same as entering the position again manually, which is allowed until the lockout period.
So you should be able to duplicate your trade until the lockout period, which on BDB, depending on the asset and time of day, is between three and ten minutes long.
But I would be careful using this "Double Up" feature, as this is how SpotOption, the developers of the platform that BDB uses, describes some of their features to brokers: "Roll-over and Double up are two profit maximizing features, that cause traders to create larger positions. Roll Over allows the trader to delay expiry time (at a cost), and Double Up allows them to recreate the same position, with the new market conditions." (Emphasis mine.)
In the context I would say that this is meant to maximize profits for brokers. So in other words, just make sure these features are actually advantageous to you, and in accord with your strategy, before you use them.