That is right, the headline says one currency, not a currency pair. Most often forex traders target one the pairs, however they miss lots of great trading positions on other currency pairs. There is a middle ground and it is possible to concentrate on a single currency of various pairs.

Certain EA creators have made a decision to do exactly that and created the GBPBOT. This robot focuses all on the GBP currency and its pairs. The edge that it gives may not be immediatelly obvious, though. Naturally, traders are used to trade the pairs and not single currencies, so why focus on one?

The answer is found in the idea of link between different pairs. You see, the pairs with the same currency is concerned are linked and behave similarly. That is to say, if one pair is moving in one direction, others that inculde the same currency might be moving in the same direction too. However, that might not be that clear so we use that relationship. And you can understand where it’s helpful for currency trading EA development.It’s an additional variable that plays the part in making more profits.