Momentum Capture EA v3.1 MT4 is an Expert Advisor (EA) designed for MetaTrader 4 (MT4), aimed at automating forex trading by capitalizing on market momentum, particularly around news events or significant market speeches. It attempts to detect the start of trends and opens positions to follow them, while also placing pending orders to hedge against potential reversals. Below is a detailed overview based on available information:

Momentum Capture EA v3.1 MT4 is an Expert Advisor (EA) designed for MetaTrader 4 (MT4), aimed at automating forex trading by capitalizing on market momentum, particularly around news events or significant market speeches. It attempts to detect the start of trends and opens positions to follow them, while also placing pending orders to hedge against potential reversals. Below is a detailed overview based on available information: