CompareOptions trading toolsUpdated September 2026
ORATS vs CML TradeMachine
Capital Market Laboratories
I'm very pleased so far since I can go straight from research in ORATS to placing trades without needing to go into IBKR.
ORATS backtests on institutional-grade daily data since 2007 and one-minute data since October 2020 for about 140 symbols, and routes orders to brokers.
Best for ORATS
- One-minute backtests since October 2020, with stops checked every minute
- Any US-optionable symbol on the daily engine, index options included
- Order routing to Interactive Brokers, TradeStation, and Tradier
CML TradeMachine backtests options strategies on one price a day.
How far back the data goes
CML publishes no start date; its staff give 2007 in a webinar and say some tickers start later. ORATS one-minute backtests cover about 140 of the most-traded symbols.
ORATS
Backtests on daily data
Since 2007
Backtests on one-minute data
Since Oct 2020
CML TradeMachine
Backtests on daily data
Since 2007; per CML staff, varies by ticker
Backtests on one-minute data
Not offered; CML says its intraday data is for alerts, not backtests
Feature comparison
CML TradeMachine details are from their public pages, read on September 29, 2026.
| Feature | ORATS | CML TradeMachine |
|---|---|---|
| Backtest data | ORATS Daily since 2007, 14 minutes before the close; one-minute since October 2020 | CML TradeMachine Daily only, about 15 minutes before the close |
| Zero-DTE backtests | ORATS Yes, on one-minute data | CML TradeMachine No; it uses closing prices only |
| Stops and profit targets | ORATS Every minute in the one-minute engine; once a day in the daily engine | CML TradeMachine Checked once a day, so a gap can move P&L past the level |
| Symbols | ORATS Any US-optionable symbol on daily data; about 140 on one-minute data | CML TradeMachine US stocks and ETFs; 50 per run, 200 on Platinum |
| Broker order routing | ORATS Interactive Brokers, TradeStation, and Tradier; paper trading | CML TradeMachine No |
| API and data | ORATS Data API from $199/mo; scanner and one-minute backtester APIs as add-ons | CML TradeMachine No API or data product |
| Refunds | ORATS Full refund if you cancel within 24 hours | CML TradeMachine None on any page we read; annual plans are marked non-refundable |
| Market scan | ORATS Option scanner ranked by theoretical edge, plus a stock scanner | CML TradeMachine Today tab scans all US tickers at least every 30 minutes |
Pricing
ORATS Trading Tools is $99 a month. CML charges $149 for TradeMachine Pro on its Get Started page, $69 after a $9 nine-day trial on a promo page, and $83 a month for Platinum billed yearly; against each, ORATS adds one-minute and zero-DTE backtests and broker routing.
CML TradeMachine prices as of September 29, 2026.
Prices from the page CML's Get Started link opens, confirmed at checkout. Other CML landing pages show other prices, including Pro at '$9 for 9 days', then $69 a month.
ORATS
- Trading Tools, individual
- Every tool, real-time data, broker connections, 2,000 backtests a month
- $99/mo
- Trading Tools, professional
- The same platform under a professional license
- $199/user/mo
- Trading Tools, student
- With a .edu email; delayed data, no broker connections
- $49/mo
- Data API
- A separate product; Trading Tools does not include API access
- from $199/mo
CML TradeMachine
- TradeMachine Pro
- Unlimited backtests of up to 50 tickers at a time, unlimited alerts, 30+ pre-built strategies
- $149/mo
- TradeMachine Platinum
- $83/mo equivalent; adds live option pricing, 200-ticker runs, IV and HV conditions
- $995/yr
Common questions
Is ORATS a good alternative to CML TradeMachine?
Yes, for backtesting. ORATS Trading Tools costs $99 a month, against $149 for TradeMachine Pro on CML's Get Started page; TradeMachine Platinum works out to $83 a month billed yearly. ORATS adds one-minute backtests since October 2020, with stops checked every minute, plus index options and broker order routing.
Does CML TradeMachine backtest intraday?
No. CML's help center says TradeMachine uses end-of-day prices for every entry and exit, taken about 15 minutes before the close, and CML staff have said it has no intraday data for backtesting, so zero-DTE strategies cannot be tested. ORATS backtests on one-minute data since October 2020 for about 140 of the most-traded symbols, alongside its daily engine back to 2007.
How much does CML TradeMachine cost?
TradeMachine Pro is $149 a month and Platinum is $995 a year, about $83 a month, on the pricing page CML's Get Started link opens. Other CML landing pages show other prices, including Pro at '$9 for 9 days', then $69 a month. Annual plans are marked non-refundable. ORATS Trading Tools is $99 a month, $50 less than Pro on the Get Started page, and adds one-minute and zero-DTE backtests and broker routing, with a full refund if you cancel within 24 hours.
Is CML TradeMachine legitimate?
Yes. TradeMachine is a product of Capital Market Laboratories, whose named team includes a former NYSE ARCA and Cboe floor market maker and a co-founder of Livevol, and it has a public help center of more than 170 articles. Before buying, note that its backtests use end-of-day prices, its price differs across landing pages, and the performance figures on its marketing pages are self-reported without methodology.
Where do these facts come from?
CML TradeMachine details come from their public pages, read on September 29, 2026, and may have changed since. If something here is out of date, email support@orats.com and we will correct it. CML TradeMachine product names and trademarks belong to their owners.
- CML TradeMachine home
- TradeMachine pricing (the Get Started page)
- TradeMachine checkout
- TradeMachine landing page (non-refundable annual plans)
- Capital Market Laboratories team
- Capital Market Laboratories products (no data or API product)
- Help center: how to use the Backtest tab (ticker caps)
- Help center: how stop loss and limit gains work
- Help center: backtesting FAQs (end-of-day mechanics)
- Help center: upgrading to Platinum
- Help center: getting started with the Today tab
- Help center docs index, 175 entries
- CML webinar transcript hosted on the help center: trading a bear market (2007 start, no intraday backtest data)
- CML webinar transcript, July 29 2023 (zero-DTE)
- ORATS Trading Tools
- ORATS Options Backtester
- ORATS Data API pricing
