Running multiple strategies

Hello everyone,

I've some questions around trading multiple strategies. There are some answers in the manual and the forums, but I was hoping to get some specific answers and opinions about the best way to proceed.

I'm using Zorro S and would like to trade three of the Z Strategies, as well as my own strategies in the future.

My broker is Think Forex in Australia. They offer two APIs (MT4 PHP, and MT4 FIX). My knowledge of what these represent is very limited (my programming background is almost nil), but my understanding is that they provide an interface that enable you to access their servers for the purpose of trading.

I am considering setting up a VPS so that Zorro can run with minimal downtime.

What is the best way to run multiple strategies using the same broker? Do I need multiple accounts with this broker (one for each strategy)? Or can I run multiple strategies on the one account? Also, do I need multiple installations of Zorro (one for each strategy)?

Is it recommended to use the MT4 bridge, running Zorro as an EA in MT4, or is it better to connect Zorro via the broker's API? If the latter, what is the difference between the FIX and PHP APIs?

Apologies for the beginner questions. I am new to strategy development and automated trading in general.

You need one account only, and one Zorro installation. But you need either the Multisession plugin, or the Zorro S module for trading simultaneously with multiple strategies.

You must use the MT4 bridge because there is no direct API plugin for Think Forex (yet).

Thanks for the reply, jcl.

I have the Zorro S module, so I will have a go at running multiple strategies on the one account.

What's involved with developing an API plugin? And what are the benefits over using the MT4 bridge?

Some C/C++ experience is required for writing an API plugin. The benefits are that an API plugin is normally faster, and the broker cannot cheat as easily.

Hi, I am quite new in Zorro and I am reading the manual.
However, if I have two functions that open different orders in the same strategy, can I put a different tag in the open orders?
I am talking of something similar to the MT4's magic number.
I can't find this in the manual.

Thanks.
Cheers.