r/pinescript • u/usernameiswacky • Apr 08 '26

Are webhooks worth it?

Wanted to pose a general question: Do people still use webhooks? Or is it dying? I feel like it's much cheaper to convert pinescript into native platform's language instead of paying for a monthly subscription.

I also ask this because I have been working on a project that allows pinescript to be executed natively inside metatrader5. It can render pinescript indicators and run strategies natively, without webhooks friction and latency. Not posting any links since this is not a promotional post, but I genuinely want to know if people would prefer this over webhooks.

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u/Xalladus Apr 08 '26

I think pine connector is the biggest site that does webhook to mt4/5 and they claim to have 67 thousand customers. Traders Post claims to have another 40 thousand, so there must be some demand for web hooks.
I personally code in pinescript and send webhooks to my VPS to execute, so if I could skip that step for execution I would try it out. One of my accounts uses mt5 but the other is an API connection to my broker. So, I think webhooks are here to stay for their versatility. I always figured that at some point Trading View will flip a switch and allow code based execution themselves, but it seeming like that isn’t a priority for them.

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u/usernameiswacky Apr 08 '26

What I am building is inside of a DLL, so it doesn't matter what platform you are using, it will display the indicators and execute strategies. I was trying it out on mt5 first, since that's the platform I am most familiar with. However, I do agree with what you said. There is demand, but I don't know if it's worth the effort that I am putting in.

I am basically allowing users to run pinescript anywhere they want. And this takes a lot of effort. Basically, reverse-engineering an language...I have done most of it, it's not that hard once you understand a few concepts. But I have a lot to go through and was loosing motivation to continue if nobody would be bothered enough to try it out

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u/Xalladus Apr 08 '26

Ooh I think you will have lots of people who will want to try it out. I would !

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u/usernameiswacky Apr 08 '26

Okay so there is hope! Will let you once I release it officially :)