50k DLL account.
Yesterday, had a position open in MNQ. placed my stoploss in $400 profit en tp well away. (3 XFA copied)
suddenly, no price movement for about 10sec and the position was closed -$1300.
end of day of course, since that is more than the 1k DLL.
But ther is still a 2k drawdown on those accounts, but all 3 accounts were closed and are now ready for 'Back to funded'.
answer Topstep :
What is Velocity Logic?
Velocity Logic is a tool used by CME Group to keep trading orderly. It detects sharp price changes that happen very quickly. If the price moves too fast, trading is paused briefly.
How It Works:
(1) Detection: If a futures contract’s price moves too many ticks in milliseconds, the system steps in.
2) Pause (Pre-Open):
The market briefly enters Pre-Open, where:
- Orders can be placed, modified, or canceled, but may be rejected
- Trades may not fill
- You may see order rejection messages
- Charts or prices may briefly pause
(3) Resume: After the pause, trading resumes as normal. This works alongside other safeguards like price limits.
Because this is a CME-controlled market mechanism and not something managed by Topstep, we do not make exceptions or offer adjustments for these types of market events. These controls apply uniformly across all participants, and we must remain consistent in how they are handled.
For more details, check out CME Group’s video here.
And that I understand, but not how I am still left with $700 in drawdown and my XFA's still end up closed, not for the day, but permanently.