New
The Tools APIs are now live: option scanning, backtest search, intraday backtesting, and time & sales over REST
Test your strategies
Options Backtester
Browse over 300 million options backtests! Our best-in-class backtesting engine goes back to 2007. You can also run your own custom backtests for over 5,000 symbols and 45 strategies.
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Search over 300 million backtests: We ran a mind-boggling amount of backtests, and we are giving them all to you. Search, filter, and rank over 300 million backtests for several popular symbols and strategies. Filter performance based on annual return, Sharpe ratio, max drawdown, and more. Quickly see the days to expiration and strike deltas for each leg, along with other entry criteria like spread / stock. Explore different stop losses and profit targets, along with various entry triggers like VIX, SMV, 14-day RSI, IV Percentile, and Slope Percentile.
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Create custom backtests: The same backtesting engine used to test millions of strategies is also available for you to use on your own custom strategies. With end-of-day data going back to 2007 for over 5,000 symbols, we have everything you need to start rigorously testing your ideas. You can backtest any type of bullish, bearish, or neutral strategy, include calendars, butterflies, and condors. Included in the backtest parameters are the standard entry and exit criteria, as well as hundreds of proprietary indicators.
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Enhance with Strategy Optimizer: Take any backtest to the next level with our Strategy Optimizer. Add technical indicators, optimize entry and exit rules, and validate improvements with statistical significance testing. Whether starting from our 300+ million pre-calculated backtests or your custom strategies, the optimizer helps you find robust enhancements that aren't just lucky patterns.
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New to this? See the Backtesting methodology lesson in ORATS University.
Developer? The same engine is callable over REST with the Backtest Finder API.
Trading Tools
An all-in-one package for options research, backtesting, trading, and risk management.
$99
/ month
Includes:
Real-time Data
Option ScannerPOPULAR
Options BacktesterPOPULAR
Connect to Interactive Brokers, TradeStation, and Tradier
2,000 Backtests / month
Options Backtester
Top Features Loved by Users
Search over 300 million backtests
We ran a mind-boggling amount of backtests, and we are giving them all to you. Search, filter, and rank over 300 million backtests for several popular symbols and strategies. Filter performance based on annual return, Sharpe ratio, max drawdown, and more. Quickly see the days to expiration and strike deltas for each leg, along with other entry criteria like spread / stock. Explore different stop losses and profit targets, along with various entry triggers like VIX, SMV, 14-day RSI, IV Percentile, and Slope Percentile.
Create custom backtests
The same backtesting engine used to test millions of strategies is also available for you to use on your own custom strategies. With end-of-day data going back to 2007 for over 5,000 symbols, we have everything you need to start rigorously testing your ideas. You can backtest any type of bullish, bearish, or neutral strategy, include calendars, butterflies, and condors. Included in the backtest parameters are the standard entry and exit criteria, as well as hundreds of proprietary indicators.
Enhance with Strategy Optimizer
Take any backtest to the next level with our Strategy Optimizer. Add technical indicators, optimize entry and exit rules, and validate improvements with statistical significance testing. Whether starting from our 300+ million pre-calculated backtests or your custom strategies, the optimizer helps you find robust enhancements that aren't just lucky patterns.
- ORATS looks great so far, lovely UX and design!- Matt
- I'm very pleased so far since I can go straight from research in ORATS to placing trades without needing to go into IBKR.- Ryan K.
- I am very impressed with the functionality and interface of ORATS. The platform's data and analytics capabilities have exceeded my expectations so far.- Mikhail
- I'm grateful to have access to this quality set of tools to do the work I LOVE... I do think where you're going has the potential to disrupt the traditional brokerage business and fuel the next retail trading boom.- Lauren R.
- ORATS offers enough to make me a customer for life... The videos and blog entries have been very helpful... The stock scanner templates (particularly the earnings scanner is very useful).- Eric
- I'm loving the new functionality you've given ORATS, especially the screening functionality for spreads- Patrick
- The dashboard is so intuitive, along with the ability of drilling into various segments, command simple requests, etc. It's so easy to decipher feedback and is especially user-friendly for a newbie user.- Tony M.
- The stock scanner is the greatest scanner ever made- Aiman
- There is a lot to the platform and it helps to watch someone who understands the nuances use it. The way the various sections of the platform integrate with one another is an elegant feature and the overall presentation of the data returned is very clean.- Mark
- ORATS is fantastic platform! I have used several including ivolatility/Options omega, but nothing comes close to ORATS.- Ramesh
- ORATS is such a robust and well-thought-out tool, every time I use it, I seem to discover something new to explore. Honestly, it makes me feel like a kid in a candy store.- Abhesh
- I've previously used tools like OptionVue and OptionNetExplorer, but I can clearly say that ORATS operates on a completely different level in terms of data depth and usability.- Metin
- I have been learning your screen set up and nomenclature using Otto and I have got to tell you it is by far the best automated help program I have experienced. Excellent job.- Joel
- Otto is great, way more helpful than general AIs like Perplexity as it has way more context!- Andrey
- I love ORATS. You guys do a lot of the heavy lifting with options data and it's the reason why I chose your company.- Rahul
- I am loving the tool so far. This is coming from someone that has been experimenting with Unusual Whales, Quant Data, Predicting Alpha, Barchart.- Sharif
- I used ORATS on the IBKR TWS platform. I loved it and wanted more options for Backtesting so subscribed to your web platform.- Ajay
- Thank you for building ORATS, we use it as a primary data source for our options research.- Lalith
- Thank you for building ORATS. I love the tool and the weekly webinars.- Wenjing
- I am extremely impressed by ORATS! I have been using the AI tool to learn more about the terminology and tools on the website, and it has been very helpful.- John
- Otto has been very helpful (and very good as sales rep!)- Nico
- I really like the new backtester.- Zach
FAQ
Options Backtester, answered.
What is the difference between browsing backtests and running my own?
Browsing searches the 300+ million backtests we have already run: pick a symbol, a strategy, and a ranking, and read the results instantly. Running your own puts the same engine behind your exact inputs, for any of 5,000+ symbols and 45 strategies, with the entry and exit criteria and hundreds of proprietary indicators you choose. Most people browse first to find a shape that works, then customize it.
How far back does the backtest data go?
End-of-day history runs to 2007 across more than 5,000 symbols, so a strategy can be tested through the financial crisis, Volmageddon, COVID, and every regime since. Quotes are taken 14 minutes before the close and cleaned with our Smoothed Market Values system, so fills are marked off realistic prices rather than stale ones.
What comes back with each backtest?
A graph of returns against the underlying, 37 performance metrics, a table of monthly returns, and a full trade log with every entry, exit, and exit reason. The trade log is downloadable, so you can take the raw trades into your own tooling.
Can it backtest 0DTE and intraday strategies?
Yes. Flip the Custom Backtester into Intraday mode and it runs on one-minute options data back to October 2020, with entries and exits at exact clock times and stops and profit targets checked on every minute bar. See orats.com/intraday-backtester for what that engine covers.
How many custom backtests can I run?
2,000 per month are included with the subscription. Browsing the 300+ million precomputed backtests does not count against that.
My backtest is stuck or came back empty. What now?
Check the inputs first, since that is the usual cause: days to expiration must be positive whole numbers with the target inside the min and max, and the leg deltas have to describe a strategy that actually exists on the chain. If a job sits in Queued or Running, give the queue a few hours before writing in.
Can I get backtests over an API?
Yes, two of them. The Backtest Finder API searches the same 300+ million precomputed backtests and returns full results for any row, at $99 per month. The Intraday Backtester API submits custom one-minute jobs at $299 per month. Both attach to an ORATS data API plan and are separate from this dashboard subscription.
What does the Options Backtester cost?
It is included in ORATS Trading Tools at $99 per month for an individual license ($199 per user per month for a professional license), alongside every other tool on the platform, from the backtesters and scanners to Otto, real-time data, and broker connections. Cancel within 24 hours of signup for an automatic full refund.
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ORATS
Institutional Quality Tools for All Options Traders
(312) 986 - 1060
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36 Maplewood Ave, Portsmouth, NH 03801
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The opinions and ideas presented herein are for informational and educational purposes only and should not be construed to represent trading or investment advice tailored to your investment objectives. You should not rely solely on any content herein and we strongly encourage you to discuss any trades or investments with your broker or investment adviser, prior to execution. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. Option trading and investing involves risk and is not suitable for all investors. For more information please see our disclaimer.
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