option_cancel_algo_orders

Cancel OPTION algo orders (TP/SL). Each item: {algoId, instId}.

Server Okx Trade @okx_ai/okx-trade-mcp
Category Destructive
Risk class Critical
Parameters 11 required

What option_cancel_algo_orders does on Okx Trade

AI agents call option_cancel_algo_orders to permanently remove resources in Okx Trade — typically in cleanup and lifecycle workflows. It does its job in a single call, and there is no undo.

ParameterTypeRequiredDescription
orders array Yes Array of {algoId, instId} to cancel.

Parameters from the server's own tool schema.

Why option_cancel_algo_orders needs a policy

Cancelling orders is a destructive action that permanently removes open orders from the exchange and cannot be reversed. Combined with the financial context (OKX is a cryptocurrency exchange where options trading involves real assets and obligations), this poses critical risk. An AI agent misusing this tool could irreversibly liquidate trading positions or cancel hedges, causing immediate financial loss.

From the tool's definition Tool name includes 'cancel' which irreversibly terminates algo orders on an exchange. Description confirms it cancels 'OPTION algo orders' by algoId, which cannot be undone.

Questions about option_cancel_algo_orders

What does the option_cancel_algo_orders tool do? +

Cancel OPTION algo orders (TP/SL). Each item: {algoId, instId}. It is categorised as a Destructive tool in the Okx Trade MCP Server, which means it can permanently delete or destroy data. Block by default and require explicit approval.

What parameters does option_cancel_algo_orders accept? +

option_cancel_algo_orders accepts 1 parameter: orders. Required: orders. The full parameter table on this page comes from the server's own tool schema.

How do I enforce a policy on option_cancel_algo_orders? +

Register the Okx Trade MCP server in PolicyLayer and add a rule for option_cancel_algo_orders: 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 Okx Trade. Nothing to install.

What risk level is option_cancel_algo_orders? +

option_cancel_algo_orders is a Destructive tool with critical risk. Critical-risk tools should be blocked by default and only enabled with explicit human approval.

Can I rate-limit option_cancel_algo_orders? +

Yes. Add a rate_limit block to the option_cancel_algo_orders 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.

How do I block option_cancel_algo_orders completely? +

Set action: deny in the PolicyLayer policy for option_cancel_algo_orders. 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.

What MCP server provides option_cancel_algo_orders? +

option_cancel_algo_orders is provided by the Okx Trade MCP server (@okx_ai/okx-trade-mcp). PolicyLayer sits as a proxy in front of this server to enforce policies before tool calls reach the server.

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