You’ve read it right, I said a single currency, not a pair. Most often currency exchange traders focus on one currency pair, however they miss plenty of great trading positions on other currency pairs. There is a sweet spot, however, and it’s possible to concentrate on a single currency in different pairs. One Forex EA creators have made a decision to do just that and made the GBPBOT. This Forex bot works on the GBP and its pairs. The benefit that it provides may not be immediatelly plain. Traders are used to trade the pairs and not single currencies (that doesn’t even make sense), so why focus on one?
The answer can be found in the idea of relationship between different pairs. You see, the pairs with the same currency is involved are linked and act similarly. That is to claim, if one pair is trending, others with the same currency could be trending as well. However, that may not be that obvious so we use that link. And you can see where it’s helpful for foreign exchange trading EA creation.



