diff --git a/docs/deprecated.md b/docs/deprecated.md
index c1582ce31..2bf655191 100644
--- a/docs/deprecated.md
+++ b/docs/deprecated.md
@@ -4,31 +4,16 @@ This page contains description of the command line arguments, configuration para
 and the bot features that were declared as DEPRECATED by the bot development team
 and are no longer supported. Please avoid their usage in your configuration.
 
+### the `--live` command line option
+
+`--live` in the context of backtesting allows to download the latest tick data for backtesting.
+Since this only downloads one set of data (by default 500 candles) - this is not really suitable for extendet backtesting, and has therefore been deprecated.
+
+This command was deprecated in `2019.6-dev` and will be removed after the next release.
+
+## Removed features
+
 ### The **--dynamic-whitelist** command line option
 
 This command line option was deprecated in 2018 and removed freqtrade 2019.6-dev (develop branch)
 and in freqtrade 2019.7 (master branch).
-
-Per default `--dynamic-whitelist` will retrieve the 20 currencies based
-on BaseVolume. This value can be changed when you run the script.
-
-**By Default**
-Get the 20 currencies based on BaseVolume.
-
-```bash
-freqtrade --dynamic-whitelist
-```
-
-**Customize the number of currencies to retrieve**
-Get the 30 currencies based on BaseVolume.
-
-```bash
-freqtrade --dynamic-whitelist 30
-```
-
-**Exception**
-`--dynamic-whitelist` must be greater than 0. If you enter 0 or a
-negative value (e.g -2), `--dynamic-whitelist` will use the default
-value (20).
-
-
diff --git a/freqtrade/configuration/configuration.py b/freqtrade/configuration/configuration.py
index c97bd277a..17ad37d6a 100644
--- a/freqtrade/configuration/configuration.py
+++ b/freqtrade/configuration/configuration.py
@@ -4,6 +4,7 @@ This module contains the configuration class
 import json
 import logging
 import sys
+import warnings
 from argparse import Namespace
 from typing import Any, Callable, Dict, Optional
 
@@ -15,7 +16,6 @@ from freqtrade.loggers import setup_logging
 from freqtrade.misc import deep_merge_dicts
 from freqtrade.state import RunMode
 
-
 logger = logging.getLogger(__name__)
 
 
@@ -187,7 +187,8 @@ class Configuration(object):
                              'Using ticker_interval: {} ...')
 
         self._args_to_config(config, argname='live',
-                             logstring='Parameter -l/--live detected ...')
+                             logstring='Parameter -l/--live detected ...',
+                             deprecated_msg='--live will be removed soon.')
 
         self._args_to_config(config, argname='position_stacking',
                              logstring='Parameter --enable-position-stacking detected ...')
@@ -323,7 +324,8 @@ class Configuration(object):
                 'to be greater than trailing_stop_positive_offset in your config.')
 
     def _args_to_config(self, config: Dict[str, Any], argname: str,
-                        logstring: str, logfun: Optional[Callable] = None) -> None:
+                        logstring: str, logfun: Optional[Callable] = None,
+                        deprecated_msg: Optional[str] = None) -> None:
         """
         :param config: Configuration dictionary
         :param argname: Argumentname in self.args - will be copied to config dict.
@@ -340,3 +342,5 @@ class Configuration(object):
                 logger.info(logstring.format(logfun(config[argname])))
             else:
                 logger.info(logstring.format(config[argname]))
+            if deprecated_msg:
+                warnings.warn(f"DEPRECATED: {deprecated_msg}", DeprecationWarning)
diff --git a/freqtrade/tests/test_configuration.py b/freqtrade/tests/test_configuration.py
index d3567e943..56ff79625 100644
--- a/freqtrade/tests/test_configuration.py
+++ b/freqtrade/tests/test_configuration.py
@@ -1,10 +1,11 @@
 # pragma pylint: disable=missing-docstring, protected-access, invalid-name
 import json
 import logging
+import warnings
 from argparse import Namespace
 from copy import deepcopy
-from unittest.mock import MagicMock
 from pathlib import Path
+from unittest.mock import MagicMock
 
 import pytest
 from jsonschema import Draft4Validator, ValidationError, validate
@@ -62,6 +63,32 @@ def test_load_config_file(default_conf, mocker, caplog) -> None:
     assert validated_conf.items() >= default_conf.items()
 
 
+def test__args_to_config(caplog):
+
+    arg_list = ['--strategy-path', 'TestTest']
+    args = Arguments(arg_list, '').get_parsed_arg()
+    configuration = Configuration(args)
+    config = {}
+    with warnings.catch_warnings(record=True) as w:
+        # No warnings ...
+        configuration._args_to_config(config, argname="strategy_path", logstring="DeadBeef")
+        assert len(w) == 0
+        assert log_has("DeadBeef", caplog.record_tuples)
+        assert config['strategy_path'] == "TestTest"
+
+    configuration = Configuration(args)
+    config = {}
+    with warnings.catch_warnings(record=True) as w:
+        # Deprecation warnings!
+        configuration._args_to_config(config, argname="strategy_path", logstring="DeadBeef",
+                                      deprecated_msg="Going away soon!")
+        assert len(w) == 1
+        assert issubclass(w[-1].category, DeprecationWarning)
+        assert "DEPRECATED: Going away soon!" in str(w[-1].message)
+        assert log_has("DeadBeef", caplog.record_tuples)
+        assert config['strategy_path'] == "TestTest"
+
+
 def test_load_config_max_open_trades_zero(default_conf, mocker, caplog) -> None:
     default_conf['max_open_trades'] = 0
     patched_configuration_load_config_file(mocker, default_conf)