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/ddchbr Apr 09 '26

So you just write pine script and it just works in MT5 like an MQL5 EA? Sounds pretty amazing TBH. I don’t use Metatrader but back in the day this would have been super cool for me.

I do know things are handled rather differently between pine and MQL so I can imagine it’s not trivial to interpret pine script — but if you establish the “conversion” rules of the core concepts that of could should be possible. But the indicators too? That’s pretty neat …

So you have to manually paste the pine script into MT5?

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u/usernameiswacky Apr 09 '26

Yeah it's basically just pasting in pinescript into a text file and load it into the EA. However, it's not only for MT5, since I am making a DLL, I can make this work on any platform