diff --git a/freqtrade/configuration/deprecated_settings.py b/freqtrade/configuration/deprecated_settings.py
index b482ca3d5..06d75688d 100644
--- a/freqtrade/configuration/deprecated_settings.py
+++ b/freqtrade/configuration/deprecated_settings.py
@@ -90,6 +90,12 @@ def process_temporary_deprecated_settings(config: Dict[str, Any]) -> None:
                                    'notification_settings', 'exit_fill')
         process_deprecated_setting(config['telegram'], 'notification_settings', 'sell_cancel',
                                    'notification_settings', 'exit_cancel')
+    if config.get('webhook'):
+        process_deprecated_setting(config, 'webhook', 'webhooksell', 'webhook', 'webhookexit')
+        process_deprecated_setting(config, 'webhook', 'webhooksellcancel',
+                                   'webhook', 'webhookexitcancel')
+        process_deprecated_setting(config, 'webhook', 'webhooksellfill',
+                                   'webhook', 'webhookexitfill')
 
     # Legacy way - having them in experimental ...
     process_removed_setting(config, 'experimental', 'use_sell_signal',
diff --git a/freqtrade/rpc/webhook.py b/freqtrade/rpc/webhook.py
index e9ea9f3ac..dbb87f1fe 100644
--- a/freqtrade/rpc/webhook.py
+++ b/freqtrade/rpc/webhook.py
@@ -44,7 +44,6 @@ class Webhook(RPCHandler):
         """ Send a message to telegram channel """
         try:
             whconfig = self._config['webhook']
-            # DEPRECATED: Sell terminology
             if msg['type'] in [RPCMessageType.BUY, RPCMessageType.SHORT]:
                 valuedict = whconfig.get('webhookbuy', None)
             elif msg['type'] in [RPCMessageType.BUY_CANCEL, RPCMessageType.SHORT_CANCEL]:
@@ -52,12 +51,11 @@ class Webhook(RPCHandler):
             elif msg['type'] in [RPCMessageType.BUY_FILL, RPCMessageType.SHORT_FILL]:
                 valuedict = whconfig.get('webhookbuyfill', None)
             elif msg['type'] == RPCMessageType.EXIT:
-                valuedict = whconfig.get('webhookexit', whconfig.get('webhooksell', None))
+                valuedict = whconfig.get('webhookexit', None)
             elif msg['type'] == RPCMessageType.EXIT_FILL:
-                valuedict = whconfig.get('webhookexitfill', whconfig.get('webhookexitfill', None))
+                valuedict = whconfig.get('webhookexitfill', None)
             elif msg['type'] == RPCMessageType.EXIT_CANCEL:
-                valuedict = whconfig.get('webhookexitcancel',
-                                         whconfig.get('webhooksellcancel', None))
+                valuedict = whconfig.get('webhookexitcancel', None)
             elif msg['type'] in (RPCMessageType.STATUS,
                                  RPCMessageType.STARTUP,
                                  RPCMessageType.WARNING):
diff --git a/tests/rpc/test_rpc_webhook.py b/tests/rpc/test_rpc_webhook.py
index cf2d1bf98..6dd24b6c5 100644
--- a/tests/rpc/test_rpc_webhook.py
+++ b/tests/rpc/test_rpc_webhook.py
@@ -274,11 +274,11 @@ def test_send_msg_webhook(default_conf, mocker):
     webhook.send_msg(msg=msg)
     assert msg_mock.call_count == 1
     assert (msg_mock.call_args[0][0]["value1"] ==
-            default_conf["webhook"]["webhooksellcancel"]["value1"].format(**msg))
+            default_conf["webhook"]["webhookexitcancel"]["value1"].format(**msg))
     assert (msg_mock.call_args[0][0]["value2"] ==
-            default_conf["webhook"]["webhooksellcancel"]["value2"].format(**msg))
+            default_conf["webhook"]["webhookexitcancel"]["value2"].format(**msg))
     assert (msg_mock.call_args[0][0]["value3"] ==
-            default_conf["webhook"]["webhooksellcancel"]["value3"].format(**msg))
+            default_conf["webhook"]["webhookexitcancel"]["value3"].format(**msg))
     # Test Sell fill
     msg_mock.reset_mock()
     msg = {