In my app, you cannot try out the code. You can step through the execution to see how the program state changes, but that's based on a pre-generated trace of the program execution.
In Pythonista and 'Python for iOS' mentioned by ldayley you can execute the code you write. Don't know how they do it, though.
In Pythonista and 'Python for iOS' mentioned by ldayley you can execute the code you write. Don't know how they do it, though.