That is right, the headline says one currency, not a pair. Most often forex traders target one the pairs, however they miss plenty of other trading positions on other currency pairs. There’s a middle ground and it is possible to target a single currency of various pairs. Certain Forex robot creators have made a decision to do just that and made GBPBOT. This Forex bot focuses all on the GBP and its pairs. The benefit that it gives may not be immediatelly obvious, though. Naturally, traders are used to trade the pairs, not single currencies, so why target one all of a sudden?
The answer can be found in the idea of relationship between different currency pairs. The pairs with the same currency is involved are related and act in a similar way. That’s to say, if one pair is moving in one direction, others that inculde the same currency might be trending too. However, that may not be that obvious so we use that link. And you can see where it’s handy for forex trading robot development.