Yes, you can do alpha/theta training with the BrainMaster.
The built-in protocols "deep" and "deep2" do alpha/theta training.
You can use the built-in MIDI and reward sounds for alpha/theta training.
You can also use the EEG Audio component (optional, comes with MMP) to do overlapping sounds including babbling brook, surf, bings, and bongs, for "traditional" alpha/theta training as done by Bill Scott, the Othmers, etc.
Note: This protocol design, and all designs provided by BrainMaster, are for demonstration and illustration purposes only. It is the clinician's responsibility to ensure that any designs used provide the intended feedback.