Using Oanda's streaming API I get typical output as shown below:


My question is: what are the closeout bid and ask prices? My best guess/assumption is that these are the prices at which you can exit an existing position, whilst the other quoted bid/ask prices are the prices at which a new position can be opened.

Is this correct?

  • 2
    $\begingroup$ # The closeout bid Price. This Price is used when a bid is required to # closeout a Position (margin closeout or manual) yet there is no bid # liquidity. The closeout bid is never used to open a new position. developer.oanda.com/rest-live-v20/pricing-df $\endgroup$
    – noob2
    May 4 '20 at 14:51

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