DESCRIPTION: Lookbacks allow you to earn a payout depending on the optimum high or low achieved by the market during the contract duration. Lookbacks options are currently only available for synthetic indices on the Smart Trader platform.
RESOLUTION STEPS: There are three types of lookbacks options:
- High-Close: When you purchase a 'High-Close' contract, your payout will be equal to the difference between the highest price and the exit price over the duration of the contract multiplied by the multiplier.
- Close-Low: When you purchase a 'Close-Low' contract, your payout will be equal to the difference between the exit price and the lowest price over the duration of the contract multiplied by the multiplier.
- High-Low: When you purchase a 'High-Low' contract, your payout will be equal to the difference between the highest price and the lowest price over the duration of the contract multiplied by the multiplier.
NOTES:
- High, Low, and Close: The high is the highest point ever reached by the market during the contract period. The low is the lowest point ever reached by the market during the contract period. The close is the latest tick at or before the end time. If you selected a specific end time, the end time is the selected time.
- Contract period: The contract period is the period between the first tick (after start time) and the end time. The start time begins when the contract is processed by our servers. The end time is the selected number of minutes/hours after the start time.
FOR FURTHER INFORMATION:
Deriv community article: https://community.deriv.com/t/options-to-trade-on-deriv-lookbacks/41898