You’ve read it right, the headline says a single currency, not a currency pair. Most frequently forex traders concentrate on one currency pair, however they miss a lot of other trading opportunities on other currency pairs. There is a middle ground and it is possible to concentrate on a single currency of different pairs.

One robot developers have made a decision to do that and created GBPBOT. This Forex robot focuses all on the GBP and its pairs. The edge that it provides won’t be immediatelly obvious. Of course, traders are used to trade the pairs, not single currencies (that doesn’t even sound correct), so why target one?

The answer lies in the idea of relationship between different currency pairs. The pairs with the same currency is concerned are related and behave in a similar fashion. That’s to point out, if one pair is trending, others that inculde the same currency could be moving in the same direction as well. However, that won’t be that apparent so we use that link. And you can see where it’s handy for foreign exchange trading robot creation.It’s an additional variable that plays the part in profitability.