You’ve read it right, the headline says a single currency, not currency pair. Most frequently currency exchange traders target one the pairs, but they miss a lot of trading opportunities on other currency pairs. There’s a sweet spot, however, and it is possible to target one currency in various pairs. Certain robot creators have made a decision to do that and created the GBPBOT. This Forex EA focuses all on the GBP and its pairs. The edge that it provides may not be immediatelly plain. Traders are used to trade the pairs, not single currencies (that doesn’t even sound correct), so why target one now?
The answer can be found in the idea of relationship between different pairs. The pairs where the same currency is involved are related and act in a similar way. That’s to point out, if one pair is trending, others with the same currency could be moving in the same direction as well. But that won’t be that apparent so we use that link. And you can understand where it’s handy for foreign exchange trading robot creation.It is an additional variable that plays the part in profitability.