User Manual

Unicorn Trading
Tools

www.unicorn.trading
January, 2022
1. Introduction
1.1 Unicorn Trading Tools overview
Unicorn Trading Tools include Unicorn Quant Indicator, Unicorn Quant Strategy,
and Unicorn Levels.

Unicorn Quant Indicator works like a trading algorithm whose quantitative engine
emulates every step of the trading process and displays all the trading actions on the
chart. For example, it shows when to enter or partially close a position, move your
stop-loss to breakeven, etc. The trader can use these signals in their decision-making
and replicate these actions in their trading terminal.

It is fully customizable. By changing the settings, one can easily modify built-in
strategies or implement a completely new one. And with the Unicorn Quant
Strategy users can back-test any settings before trading with them.

Unicorn Quant Strategy is a version of the Unicorn Quant Indicator with the same
features and user interface designed specifically for back-testing. With Unicorn
Quant Strategy, you can back-test any settings before using them with Unicorn
Quant Indicator. It is also a unique tool for developing and testing new trading
strategies from scratch.

The Unicorn Quant Indicator and Unicorn Quant Strategy are built to work together.
The Unicorn Quant indicator, having better visualization options and the capability
to send real-time alerts, is used for live trading. The Unicorn Quant Strategy allows
the user to back-test the indicator's performance with given settings. A typical
workflow can be different in detail but boils down to using Unicorn Quant Strategy
to find the settings that work for the chosen market and timeframe based on the
back-testing and then using them with Unicorn Quant Indicator for live trading.

Unicorn Levels indicator generates non-repainting support and resistance price

levels with outstanding accuracy. Plan your trades ahead, always be fully prepared.

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Unicorn Levels can provide a great enhancement to any trading strategy. It supports
both intraday and higher timeframes trading.

1.2 Any market, any brokerage, any platform

Unicorn tools can be used for any market and timeframe available on TradingView.
And this means almost any market in the world as TradingView is one of the leading
charting software in terms of market data coverage.
Unicorn tools can be used with any brokerage because they don’t execute trades but
provide signals for supporting trading decisions.
Unicorn tools work both on mobile and desktop. Users can seamlessly switch from
mobile to desktop with all the settings and data synchronized.
Unicorn tools users can get all kinds of direct support in our Discord community
server and by Email: support@unicorn.trading.

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2. How to get access
● Set up a free account on TradingView.com (if you don’t have one).
TradingView is the most advanced online charting software and social
network trusted by millions of traders. Create TradingView Account

● Purchase a Unicorn Trade-Pass. It is a digital pass that gives full access to our
products and services. We offer Trade-Passes for 1-month, 6-months, and
1-year access. You can purchase one here.

● Redeem your Trade-Pass to start using Unicorn tools. Go to this web page and
fill the form. You have to enter the License Key number you obtained with your
Trade-Pass purchase, your Email, and your TradingView Username. You
typically get access within several hours but your usage period counts from
the next day after the redeeming date.

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3. Unicorn Quant Indicator
Unicorn Quant Indicator works like a trading algorithm whose quantitative engine
emulates every step of the trading process, displays all the trading actions on the
chart, and can send real-time alerts by Email.

3.1 Entry and exit signals

Unicorn Quant Indicator has built-in algorithms that automatically scan markets for
entry signals. Signals algorithms are customizable. Their settings can be back-tested
in the Unicorn Quant Strategy.

3.1.1 Trading signals settings

In the picture below you can see the Trading Signals settings section.

It allows the user to choose a trading signals algorithm, tune it by adjusting its
Sensitivity parameter, change the Signals Type parameter, and control several
visualization aspects.

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3.1.2 Choosing the optimal settings
Best indicator settings depend on the trading conditions and particular markets.
There are several ways to choose the optimal ones for a given market and timeframe.

The first way is as follows. When you change a trading algorithm, its sensitivity, or any
other parameter, you can immediately see all the historical trades made with these
settings on the chart. By inspecting the past positions you can evaluate the quality of
the indicator settings.

The second way is to back-test different settings in the Unicorn Quant Strategy and
choose the settings that provide the best performance for a given timeframe and
market.

The third way is to ask for help with the settings in the private section of our Discord
community. Our team can help you find the ones that provide solid historical
performance in your market and timeframe. We can also guide you on any steps of
the process of choosing the settings.

3.1.3 Trading signals visualization

Unicorn Quant Indicator displays buy and sell signals as green and red labels,
respectively. Blue labels show close position signals.

Unicorn Quant Indicator offers two types of signals visualization. The first type is
called “Normal”. A green label with the text “BUY” means a buy entry signal, red label
with the text “SELL” shows a sell signal. An example of this type of labeling is
presented in the image below.

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The second type of visualization is called “Simplified”. In this case, a buy signal shows
as a green triangle, a sell signal as a red triangle, and a blue dot above a candle
denotes a position close signal.

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One can choose the trading signals visualization type in the Visualization Type
dropdown list in the Trading Signals settings section.

3.1.4 “Show only trading signals” mode

You can hide all the indicator plotting except for the entry signals labels. To do this
flag the Show Only Trading Signals parameter in the trading signals settings section.

After you turn the flag on you will have only entry signals displayed on the chart.

It may be handy when using Unicorn tools with your own strategy or just don’t need
the position management functionality.

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3.1.5 Trading signals type
Signals Type is a unique setting that requires special consideration. In the Signals
Type dropdown list, there are two options: Market Timing and Market Bias.

Market timing is a type of trading signaling when the algorithm tries to find a perfect
moment to enter and exit a trade.

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Market Bias is the type of trading signaling when the algorithm tries to be in a
position all the time. When a trade is closed, the algorithm determines a direction to
which the market is currently “biased” and immediately opens a trade in this
direction. Market Bias mode uses simplified trading signals visualization by default.
Simplified visualization prevents trading signal labels from overlapping as the trades
are situated very close to each other.

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3.2 Position Manager
Automatic position management is a signature feature of Unicorn Quant Indicator
and Unicorn Quant Strategy. When a position is open, the automatic position
manager guides the trader every step of the way. It tells when to move the stop-loss
level to break even, when to close the trade partially, etc. It is fully customizable and
all settings can be back-tested in the Unicorn Strategy.

3.2.1 Position manager settings overview

In the picture below you can see the Position Manager settings section.

Users can set:

● The values for SL and TP1, TP2, TP3 levels (measured as a percentage of the

trade entry price)

● Portions of position (as a percentage of the initial position size) to close at each

of the TP levels

● Rules for moving stop-loss level in an open trade to protect the floating profit

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By default, all three Take-profit levels are used and at each of them, one-third of the
initial position size has to be closed (33% at TP1 and TP2. 34% at the TP3).

If you want to use only one Take-profit level use the TP1 and set the Close % at TP1
parameter to 100% and Close % at TP2 and Close % at TP3 both to 0%. It corresponds
to a full closure of the position at the level TP1. In this case, TP2 and TP3 will not be
used.

If you want to use two Take-profit levels then set Close % at TP1 to 50% and Close % at
TP3 to 50% and Close % at TP3 to 0%. In this case, the position will be closed partially
at the TP1 level (50% of the initial position size) and the rest of the position (another
half) will be closed at the TP2 level. TP3 level will not be used. You can also specify
any other values for the parts of the position to close on the TP1 and TP2 levels, but
they must add to 100%. For example, you can close 40% at TP1 and 60% at TP2, and
so on.

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3.2.2 Position manager visualization
The picture below shows an example of a buy trade with position management
visualization. The dotted blue line shows the position’s entry price. The green lines
represent take-profit levels (TP1, TP2, TP3) where the trade must be closed, partially or
fully. The red line shows the stop-loss level (SL) for the position.

As a part of position management stop-loss level can be moved higher in a buy-trade

and lower in a sell-trade to protect a part of the profit gained in the trade. In the
picture above such moves are shown as step-like increases of the red stop-loss line.

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4. Unicorn Quant Strategy
Unicorn Quant Strategy is a version of the Unicorn Quant Indicator with the same
features and user interface designed specifically for back-testing. With Unicorn
Quant Strategy, you can back-test any settings before using them with Unicorn
Quant Indicator. It is also a unique tool for developing and testing new trading
strategies from scratch.
As Unicorn Quant Strategy mirrors the functions and interface of the Unicorn Quant
Indicator all the information from the previous chapter on the Unicorn Quant
Indicator is fully applicable to Unicorn Quant Strategy.

4.1 How to perform a back-test

Performing a back-test with the Unicorn Quant Strategy is very easy and
straightforward.
Choose an asset and timeframe you want to perform a back-test for. Set the trading
signals and position management settings. Then press Ok button.

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You can find the back-test report in the Strategy Tester tab located in the bottom
panel of the screen.

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5. Unicorn Levels
Unicorn Levels indicator generates non-repainting support and resistance price
levels with outstanding accuracy. It uses our unique machine learning algorithm that
performs clustering of the price data from two timeframes - the current and the
higher one.

5.1 How to use

The levels are generated for a specific time interval in advance and after that don’t
change, so you can plan your trades ahead and always be fully prepared. Unicorn
Levels indicator can provide a great enhancement to any trading strategy. It supports
both intraday and higher timeframes trading.

The indicator does not have any user settings. Just apply it to your chart and view the
forecasted support and resistance levels for different timeframes.

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