This record as markdown: /tools/goplausible-algorand-mcp/api-ultrade-market-cancel-order.md
What api_ultrade_market_cancel_order does on Algorand MCP
AI agents call api_ultrade_market_cancel_order to permanently remove resources in Algorand MCP, typically in cleanup and lifecycle workflows. It does its job in a single call, and there is no undo.
Why api_ultrade_market_cancel_order is rated Critical
Canceling an open order is an irreversible action that modifies the state of a financial order that cannot be simply undone by reverting to a prior state—it requires a new explicit action. While not destructive in the sense of data deletion, it irreversibly terminates a financial commitment and affects trading positions.
From the tool's definition Tool name includes 'cancel_order' and description states 'Cancel open order'. Sibling tools include 'alpha_cancel_order', 'alpha_create_limit_order', and 'alpha_create_market_order', indicating this server manages financial trading orders on the Algorand…
Attacks that exploit this kind of access
The rule that runs api_ultrade_market_cancel_order safely
PolicyLayer is an MCP gateway: it sits between your AI agents and Algorand MCP, and checks every tool call against a rule you set before the call runs. Nothing changes on the server itself. For api_ultrade_market_cancel_order, this is the rule to start with:
api_ultrade_market_cancel_order is removed from the agent's tool list entirely, so the agent never calls it. The rest of the server keeps working.
The button opens the PolicyLayer dashboard: create your workspace, connect Algorand MCP, apply this rule, and every api_ultrade_market_cancel_order call is checked against it from then on.
Questions about api_ultrade_market_cancel_order
Cancel open order. It is categorised as a Destructive tool in the Algorand MCP MCP Server, which means it can permanently delete or destroy data. Block by default and require explicit approval.
Register the Algorand MCP server in PolicyLayer and add a rule for api_ultrade_market_cancel_order: allow, deny, rate-limit, or require approval. Point your MCP client at the PolicyLayer proxy URL and the rule is enforced on every call, before it reaches Algorand MCP. Nothing to install.
api_ultrade_market_cancel_order is a Destructive tool with critical risk. Critical-risk tools should be blocked by default and only enabled with explicit human approval.
Yes. Add a rate_limit block to the api_ultrade_market_cancel_order rule in your PolicyLayer policy. For example, setting max: 10 and window: 60 limits the tool to 10 calls per minute. Rate limits are tracked per agent session and reset automatically.
Set action: deny in the PolicyLayer policy for api_ultrade_market_cancel_order. The AI agent will receive a policy violation error and cannot call the tool. You can also include a reason field to explain why the tool is blocked.
api_ultrade_market_cancel_order is provided by the Algorand MCP server (goplausible/algorand-mcp). PolicyLayer sits as a proxy in front of this server to enforce policies before tool calls reach the server.
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