Dear Forex Community,
Did you notice that on 12/04/17 I added $5000 to the account? Why? Because on that morning I noticed this Oanda $5000 initial balance account with positions totaling .60lot open already has margin increased to $1857 and margin level decreased to 264%. The setup in use could open positions totaling 1.65lots. When all 1.65lot positions open, the margin required would be $5106, the account would crash. That is why I had no option but to add $5000 to the account.
After consulting the merchant, he pointed out that the difference between Oanda 1:50 leverage and FX Choice 1:200 leverage caused this problem. He recommended using a higher leverage broker such FX Choice, but I am in US so I chose to stay with Oanda. He then recommended changing setup so that the most positions add to 1.1lot and the maximum margin required is $3404.5. I followed this recommendation today.
Because Oanda requires margin level to be above 100%, I still need extra fund when the worst scenarios come.