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Alpaca Trading MCP Server

by laukikk

place_stop_limit_order

Execute stop-limit orders on Alpaca to automatically buy or sell stocks when a trigger price is reached, with a maximum or minimum execution price.

Instructions

Place a stop-limit order combining stop and limit order features.

Args: symbol: Stock symbol (e.g., 'AAPL') quantity: Number of shares to buy or sell (can be fractional) side: Either 'buy' or 'sell' stop_price: Price that triggers the order limit_price: Maximum/minimum price for the triggered order time_in_force: Order duration - 'day', 'gtc' (good till canceled)

Returns: Order confirmation details

Input Schema

TableJSON Schema
NameRequiredDescriptionDefault
symbolYes
quantityYes
sideYes
stop_priceYes
limit_priceYes
time_in_forceNoday

Implementation Reference

  • The primary handler function for the 'place_stop_limit_order' tool. It performs input validation using enums, constructs an AlpacaOrderRequest, calls the helper place_order, and formats the response.
    @mcp.tool()
    def place_stop_limit_order(
        symbol: str, 
        quantity: float, 
        side: str, 
        stop_price: float,
        limit_price: float,
        time_in_force: str = "day"
    ) -> str:
        """
        Place a stop-limit order combining stop and limit order features.
        
        Args:
            symbol: Stock symbol (e.g., 'AAPL')
            quantity: Number of shares to buy or sell (can be fractional)
            side: Either 'buy' or 'sell'
            stop_price: Price that triggers the order
            limit_price: Maximum/minimum price for the triggered order
            time_in_force: Order duration - 'day', 'gtc' (good till canceled)
        
        Returns:
            Order confirmation details
        """
        # Validate side
        try:
            order_side = AlpacaOrderSide(side.lower())
        except ValueError:
            return f"Invalid side: {side}. Must be 'buy' or 'sell'."
        
        # Validate time in force
        try:
            order_tif = AlpacaTimeInForce(time_in_force.lower())
        except ValueError:
            return f"Invalid time in force: {time_in_force}. Valid options are: day, gtc"
        
        # Create order request
        order_request = AlpacaOrderRequest(
            symbol=symbol,
            qty=float(quantity),
            side=order_side,
            type=AlpacaOrderType.STOP_LIMIT,
            time_in_force=order_tif,
            stop_price=float(stop_price),
            limit_price=float(limit_price)
        )
        
        try:
            order = calls.place_order(trading_client, order_request)
            
            return (
                f"Stop-limit order placed successfully!\n\n"
                f"Order ID: {order.id}\n"
                f"Symbol: {order.symbol}\n"
                f"Side: {order.side.value}\n"
                f"Type: {order.type.value}\n"
                f"Quantity: {order.qty}\n"
                f"Stop Price: ${order.stop_price:.2f}\n"
                f"Limit Price: ${order.limit_price:.2f}\n"
                f"Time in Force: {order.time_in_force.value}\n"
                f"Status: {order.status.value}\n"
                f"Created At: {order.created_at}\n"
            )
        except Exception as e:
            return f"Error placing stop-limit order: {str(e)}"
  • Pydantic model providing input schema and validation for order requests, supporting stop_limit orders with required stop_price and limit_price fields.
    class AlpacaOrderRequest(BaseModel):
        symbol: str
        qty: Union[int, float]
        side: AlpacaOrderSide
        type: AlpacaOrderType
        time_in_force: AlpacaTimeInForce
        limit_price: Optional[float] = None
        stop_price: Optional[float] = None
        client_order_id: Optional[str] = None
        extended_hours: Optional[bool] = False
  • src/server.py:439-439 (registration)
    The @mcp.tool() decorator registers the place_stop_limit_order function as an MCP tool in the FastMCP server.
    @mcp.tool()
  • Core helper function that translates the validated AlpacaOrderRequest into Alpaca SDK StopLimitOrderRequest and submits it to the trading API.
    def place_order(client: TradingClient, order_details: AlpacaOrderRequest):
        """
        Place an order with flexible order types
        
        :param client: Alpaca trading client
        :param order_details: Order request details
        :return: Placed AlpacaOrder
        """
        # Map Pydantic model to Alpaca order request based on order type
        if order_details.type == AlpacaOrderType.MARKET:
            order_request = MarketOrderRequest(
                symbol=order_details.symbol,
                qty=order_details.qty,
                side=order_details.side,
                time_in_force=order_details.time_in_force
            )
        elif order_details.type == AlpacaOrderType.LIMIT:
            if not order_details.limit_price:
                raise ValueError("Limit price is required for limit orders")
            order_request = LimitOrderRequest(
                symbol=order_details.symbol,
                qty=order_details.qty,
                side=order_details.side,
                time_in_force=order_details.time_in_force,
                limit_price=order_details.limit_price
            )
        elif order_details.type == AlpacaOrderType.STOP:
            if not order_details.stop_price:
                raise ValueError("Stop price is required for stop orders")
            order_request = StopOrderRequest(
                symbol=order_details.symbol,
                qty=order_details.qty,
                side=order_details.side,
                time_in_force=order_details.time_in_force,
                stop_price=order_details.stop_price
            )
        elif order_details.type == AlpacaOrderType.STOP_LIMIT:
            if not (order_details.stop_price and order_details.limit_price):
                raise ValueError("Both stop and limit prices are required for stop-limit orders")
            order_request = StopLimitOrderRequest(
                symbol=order_details.symbol,
                qty=order_details.qty,
                side=order_details.side,
                time_in_force=order_details.time_in_force,
                stop_price=order_details.stop_price,
                limit_price=order_details.limit_price
            )
        else:
            raise ValueError(f"Unsupported order type: {order_details.type}")
    
        # Submit order
        order = client.submit_order(order_request)
        return AlpacaOrder(**order.__dict__)
  • Enum definitions for order side, type (including STOP_LIMIT), and time_in_force used for input validation in the tool handler.
    class AlpacaOrderSide(str, Enum):
        BUY = 'buy'
        SELL = 'sell'
    
    class AlpacaOrderType(str, Enum):
        MARKET = 'market'
        LIMIT = 'limit'
        STOP = 'stop'
        STOP_LIMIT = 'stop_limit'
        TRAILING_STOP = 'trailing_stop'
    
    class AlpacaPositionSide(str, Enum):
        LONG = 'long'
        SHORT = 'short'
    
    class AlpacaTimeInForce(str, Enum):
        DAY = 'day'
        GTC = 'gtc'
        OPG = 'opg'
        CLS = 'cls'
        IOC = 'ioc'
        FOK = 'fok'

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