What Tape does
Tape is a single iPhone app with a subscription. There are no tiers of service, no managed accounts, and no advisory relationship. This page is the full list.
A $100,000 practice account, priced against real market data, with no brokerage connection required and no real money involved. Practice accounts are segregated per user, so one account’s activity can never affect another’s. This is where most people should start and it is available on the free tier.
Over 120 strategies in the library, each configurable and runnable against a single symbol or a universe scan. You can also describe a strategy in plain English — “risk $100 a trade, take profit at 2%, stop at 2%” — and Tape parses that into a configuration you review before anything runs.
Attach a strategy to the autonomous engine and it scans on your schedule, surfaces candidates with a plain-language rationale, and stages orders inside the envelope you set. It never sizes a position or changes a limit on its own — those are yours, and they are enforced in code.
Take-profit and stop-loss levels are evaluated continuously against live prices. An end-of-day sweep closes autonomous positions by the close unless you have explicitly opted out. Fills in fast, gapping or illiquid markets can land away from the trigger price — that is a property of markets, not something the software removes.
The backtest engine applies the same decide-to-fill lag and liquidity-tiered slippage as the live execution path, and reports gross and net separately. Backtest results are hypothetical, are not a record of actual trading, and are not indicative of future results.
Live charts, watchlists, a screener, an economic calendar and session awareness, plus news and SEC filings. Market data comes from Massive, news from Benzinga, and filings from SEC EDGAR. These are inputs for your own research, not recommendations.
Practice, live and backtest activity land on one timeline with the rationale that produced each entry. Filter by source, review what happened, and refine. Deleting a strategy does not remove the trades it produced from the record.
A per-strategy switch and an account-wide master switch, both enforced by the execution engine. A hard daily ceiling on AI spend that refuses calls rather than degrading quietly. Trading-hours gating so a strategy only runs in the session you chose.
Not offered
This list is as important as the one above, and it is not going to change quietly.
Tape is software. It is not a broker-dealer, not an investment adviser, and not registered with the SEC or FINRA in any capacity. Live orders are executed by your own regulated brokerage — Alpaca directly, or another brokerage connected through SnapTrade — on instructions generated by rules you configured yourself.
A free tier at $0, and a Pro tier at $20 a month that adds the autonomous engine, the full backtest engine, multi-brokerage support and advanced scheduling. That subscription is the whole of what Tape charges. Your brokerage’s own costs — spreads, commissions, fees, margin interest — are set by your brokerage and remain between you and them. Cancel any time.
No brokerage account, no card, no real money.
Requires iPhone. Trading involves risk of loss.