modify_position

Update the stop loss and/or take profit on an open position.

Server MetaTrader 5 MCP rpieterse/mcp-studio-mt5-mcp
Category Write
Risk class Medium
Parameters 00 required

What modify_position does on MetaTrader 5 MCP

AI agents use modify_position to create or update resources in MetaTrader 5 MCP — usually the action step of a workflow, after the agent has gathered context. Every call changes real data in your MetaTrader 5 MCP environment.

Why modify_position needs a policy

This tool modifies parameters on an existing open trading position (stop loss and take profit levels). While it doesn't directly move money or place/close trades, changing these levels on a live financial position can significantly affect trade outcomes and risk exposure.

From the tool's definition Update the stop loss and/or take profit on an open position

Questions about modify_position

What does the modify_position tool do? +

Update the stop loss and/or take profit on an open position. It is categorised as a Write tool in the MetaTrader 5 MCP MCP Server, which means it can create or modify data. Consider rate limits to prevent runaway writes.

How do I enforce a policy on modify_position? +

Register the MetaTrader 5 MCP server in PolicyLayer and add a rule for modify_position: 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 MetaTrader 5 MCP. Nothing to install.

What risk level is modify_position? +

modify_position is a Write tool with medium risk. Write tools should be rate-limited to prevent accidental bulk modifications.

Can I rate-limit modify_position? +

Yes. Add a rate_limit block to the modify_position 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 modify_position completely? +

Set action: deny in the PolicyLayer policy for modify_position. 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 modify_position? +

modify_position is provided by the MetaTrader 5 MCP server (rpieterse/mcp-studio-mt5-mcp). PolicyLayer sits as a proxy in front of this server to enforce policies before tool calls reach the server.

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