diff --git a/.github/workflows/ci.yml b/.github/workflows/ci.yml
index cfc8ac3b6..17c0efd6d 100644
--- a/.github/workflows/ci.yml
+++ b/.github/workflows/ci.yml
@@ -90,14 +90,14 @@ jobs:
         freqtrade create-userdir --userdir user_data
         freqtrade hyperopt --datadir tests/testdata -e 6 --strategy SampleStrategy --hyperopt-loss SharpeHyperOptLossDaily --print-all
 
-    - name: Flake8
-      run: |
-        flake8
-
     - name: Sort imports (isort)
       run: |
         isort --check .
 
+    - name: Run Ruff
+      run: |
+        ruff check --format=github .
+
     - name: Mypy
       run: |
         mypy freqtrade scripts tests
@@ -186,14 +186,14 @@ jobs:
         freqtrade create-userdir --userdir user_data
         freqtrade hyperopt --datadir tests/testdata -e 5 --strategy SampleStrategy --hyperopt-loss SharpeHyperOptLossDaily --print-all
 
-    - name: Flake8
-      run: |
-        flake8
-
     - name: Sort imports (isort)
       run: |
         isort --check .
 
+    - name: Run Ruff
+      run: |
+        ruff check --format=github .
+
     - name: Mypy
       run: |
         mypy freqtrade scripts
@@ -248,9 +248,9 @@ jobs:
         freqtrade create-userdir --userdir user_data
         freqtrade hyperopt --datadir tests/testdata -e 5 --strategy SampleStrategy --hyperopt-loss SharpeHyperOptLossDaily --print-all
 
-    - name: Flake8
+    - name: Run Ruff
       run: |
-        flake8
+        ruff check --format=github .
 
     - name: Mypy
       run: |
diff --git a/.pre-commit-config.yaml b/.pre-commit-config.yaml
index 57ce81b8c..58f526ce9 100644
--- a/.pre-commit-config.yaml
+++ b/.pre-commit-config.yaml
@@ -27,6 +27,12 @@ repos:
         name: isort (python)
         # stages: [push]
 
+  - repo: https://github.com/charliermarsh/ruff-pre-commit
+    # Ruff version.
+    rev: 'v0.0.251'
+    hooks:
+      - id: ruff
+
   - repo: https://github.com/pre-commit/pre-commit-hooks
     rev: v4.4.0
     hooks:
diff --git a/CONTRIBUTING.md b/CONTRIBUTING.md
index b4e0bc024..040aae39c 100644
--- a/CONTRIBUTING.md
+++ b/CONTRIBUTING.md
@@ -45,16 +45,17 @@ pytest tests/test_<file_name>.py::test_<method_name>
 
 ### 2. Test if your code is PEP8 compliant
 
-#### Run Flake8
+#### Run Ruff
 
 ```bash
-flake8 freqtrade tests scripts
+ruff .
 ```
 
-We receive a lot of code that fails the `flake8` checks.
+We receive a lot of code that fails the `ruff` checks.
 To help with that, we encourage you to install the git pre-commit 
-hook that will warn you when you try to commit code that fails these checks. 
-Guide for installing them is [here](http://flake8.pycqa.org/en/latest/user/using-hooks.html).
+hook that will warn you when you try to commit code that fails these checks.
+
+you can manually run pre-commit with `pre-commit run -a`.
 
 ##### Additional styles applied
 
diff --git a/docs/developer.md b/docs/developer.md
index 0546c20e9..1bc75551f 100644
--- a/docs/developer.md
+++ b/docs/developer.md
@@ -24,7 +24,7 @@ This will spin up a local server (usually on port 8000) so you can see if everyt
 To configure a development environment, you can either use the provided [DevContainer](#devcontainer-setup), or use the `setup.sh` script and answer "y" when asked "Do you want to install dependencies for dev [y/N]? ".
 Alternatively (e.g. if your system is not supported by the setup.sh script), follow the manual installation process and run `pip3 install -e .[all]`.
 
-This will install all required tools for development, including `pytest`, `flake8`, `mypy`, and `coveralls`.
+This will install all required tools for development, including `pytest`, `ruff`, `mypy`, and `coveralls`.
 
 Then install the git hook scripts by running `pre-commit install`, so your changes will be verified locally before committing.
 This avoids a lot of waiting for CI already, as some basic formatting checks are done locally on your machine.
diff --git a/environment.yml b/environment.yml
index afe7a7ed7..2ed12643e 100644
--- a/environment.yml
+++ b/environment.yml
@@ -41,7 +41,6 @@ dependencies:
     # 2/4 req dev
 
     - coveralls
-    - flake8
     - mypy
     - pytest
     - pytest-asyncio
@@ -70,6 +69,6 @@ dependencies:
         - tables
         - pytest-random-order
         - ccxt
-        - flake8-tidy-imports
+        - ruff
         - -e .
     # - python-rapidjso
diff --git a/pyproject.toml b/pyproject.toml
index 82d4ceaf8..8a7750731 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -56,3 +56,17 @@ exclude = [
   "build_helpers/*.py",
 ]
 ignore = ["freqtrade/vendor/**"]
+
+
+[tool.ruff]
+line-length = 100
+extend-exclude = [".env"]
+extend-select = [
+  "TID",    # flake8-tidy-imports
+  # "EXE",  # flake8-executable
+  "YTT",    # flake8-2020
+  # "DTZ",  # flake8-datetimez
+  # "RSE",  # flake8-raise
+  # "TCH",  # flake8-type-checking
+  # "PTH",  # flake8-use-pathlib
+]
diff --git a/requirements-dev.txt b/requirements-dev.txt
index 32b7cfcc5..c23447694 100644
--- a/requirements-dev.txt
+++ b/requirements-dev.txt
@@ -7,8 +7,7 @@
 -r docs/requirements-docs.txt
 
 coveralls==3.3.1
-flake8==6.0.0
-flake8-tidy-imports==4.8.0
+ruff==0.0.251
 mypy==1.0.1
 pre-commit==3.0.4
 pytest==7.2.1
diff --git a/setup.py b/setup.py
index 30aacc3f2..edd7b243b 100644
--- a/setup.py
+++ b/setup.py
@@ -32,8 +32,6 @@ hdf5 = [
 
 develop = [
     'coveralls',
-    'flake8',
-    'flake8-tidy-imports',
     'mypy',
     'pytest',
     'pytest-asyncio',