diff --git a/docs/backtesting.md b/docs/backtesting.md
index a49db47c4..13d19f0ca 100644
--- a/docs/backtesting.md
+++ b/docs/backtesting.md
@@ -67,22 +67,13 @@ freqtrade backtesting
 freqtrade backtesting --ticker-interval 1m
 ```
 
-#### Update cached pairs with the latest data
-
-```bash
-freqtrade backtesting --refresh-pairs-cached
-```
-
-#### With live data (do not alter your testdata files)
-
-```bash
-freqtrade backtesting --live
-```
-
 #### Using a different on-disk ticker-data source
 
+Assume you downloaded the history data from the Bittrex exchange and kept it in the `user_data/data/bittrex-20180101` directory. 
+You can then use this data for backtesting as follows:
+
 ```bash
-freqtrade backtesting --datadir freqtrade/tests/testdata-20180101
+freqtrade backtesting --datadir user_data/data/bittrex-20180101
 ```
 
 #### With a (custom) strategy file
diff --git a/docs/bot-usage.md b/docs/bot-usage.md
index 49b152ae6..0b0561d3d 100644
--- a/docs/bot-usage.md
+++ b/docs/bot-usage.md
@@ -195,7 +195,6 @@ optional arguments:
                         Disable applying `max_open_trades` during backtest
                         (same as setting `max_open_trades` to a very high
                         number).
-  -l, --live            Use live data.
   --strategy-list STRATEGY_LIST [STRATEGY_LIST ...]
                         Provide a space-separated list of strategies to
                         backtest Please note that ticker-interval needs to be
diff --git a/docs/deprecated.md b/docs/deprecated.md
index 2bf655191..ed70b1936 100644
--- a/docs/deprecated.md
+++ b/docs/deprecated.md
@@ -4,12 +4,15 @@ 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
+## Deprecated
 
-`--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.
+### the `--refresh-pairs-cached` command line option
 
-This command was deprecated in `2019.6-dev` and will be removed after the next release.
+`--refresh-pairs-cached` in the context of backtesting, hyperopt and edge allows to refresh candle data for backtesting.
+Since this leads to much confusion, and slows down backtesting (while not being part of backtesting) this has been singled out 
+as a seperate freqtrade subcommand `freqtrade download-data`.
+
+This command line option was deprecated in `2019.7-dev` and will be removed after the next release.
 
 ## Removed features
 
@@ -17,3 +20,9 @@ This command was deprecated in `2019.6-dev` and will be removed after the next r
 
 This command line option was deprecated in 2018 and removed freqtrade 2019.6-dev (develop branch)
 and in freqtrade 2019.7 (master branch).
+
+### the `--live` command line option
+
+`--live` in the context of backtesting allowed to download the latest tick data for backtesting.
+Did only download the latest 500 candles, so was ineffective in getting good backtest data.
+Removed in 2019-7-dev (develop branch) and in freqtrade 2019-8 (master branch)
diff --git a/docs/edge.md b/docs/edge.md
index 9047758f4..d91522770 100644
--- a/docs/edge.md
+++ b/docs/edge.md
@@ -234,9 +234,8 @@ An example of its output:
 
 ### Update cached pairs with the latest data
 
-```bash
-freqtrade edge --refresh-pairs-cached
-```
+Edge requires historic data the same way as backtesting does.
+Please refer to the [download section](backtesting.md#Getting-data-for-backtesting-and-hyperopt) of the documentation for details.
 
 ### Precising stoploss range
 
diff --git a/docs/plotting.md b/docs/plotting.md
index acab60b23..5a1e9757a 100644
--- a/docs/plotting.md
+++ b/docs/plotting.md
@@ -15,7 +15,7 @@ pip install -U -r requirements-plot.txt
 Usage for the price plotter:
 
 ``` bash
-python3 script/plot_dataframe.py [-h] [-p pairs] [--live]
+python3 script/plot_dataframe.py [-h] [-p pairs]
 ```
 
 Example
@@ -41,20 +41,12 @@ To plot multiple pairs, separate them with a comma:
 python3 scripts/plot_dataframe.py -p BTC/ETH,XRP/ETH
 ```
 
-To plot the current live price use the `--live` flag:
-
-``` bash
-python3 scripts/plot_dataframe.py -p BTC/ETH --live
-```
-
 To plot a timerange (to zoom in):
 
 ``` bash
-python3 scripts/plot_dataframe.py -p BTC/ETH --timerange=100-200
+python3 scripts/plot_dataframe.py -p BTC/ETH --timerange=20180801-20180805
 ```
 
-Timerange doesn't work with live data.
-
 To plot trades stored in a database use `--db-url` argument:
 
 ``` bash
diff --git a/docs/strategy-customization.md b/docs/strategy-customization.md
index d71ebfded..9e32ded18 100644
--- a/docs/strategy-customization.md
+++ b/docs/strategy-customization.md
@@ -319,7 +319,6 @@ if self.dp:
         print(f"available {pair}, {ticker}")
 ```
 
-
 #### Get data for non-tradeable pairs
 
 Data for additional, informative pairs (reference pairs) can be beneficial for some strategies.
diff --git a/freqtrade/configuration/arguments.py b/freqtrade/configuration/arguments.py
index ac5ea9716..2c76afa8f 100644
--- a/freqtrade/configuration/arguments.py
+++ b/freqtrade/configuration/arguments.py
@@ -17,7 +17,7 @@ ARGS_COMMON_OPTIMIZE = ["ticker_interval", "timerange",
                         "max_open_trades", "stake_amount", "refresh_pairs"]
 
 ARGS_BACKTEST = ARGS_COMMON_OPTIMIZE + ["position_stacking", "use_max_market_positions",
-                                        "live", "strategy_list", "export", "exportfilename"]
+                                        "strategy_list", "export", "exportfilename"]
 
 ARGS_HYPEROPT = ARGS_COMMON_OPTIMIZE + ["hyperopt", "hyperopt_path",
                                         "position_stacking", "epochs", "spaces",
@@ -37,7 +37,7 @@ ARGS_DOWNLOAD_DATA = ["pairs", "pairs_file", "days", "exchange", "timeframes", "
 ARGS_PLOT_DATAFRAME = (ARGS_COMMON + ARGS_STRATEGY +
                        ["pairs", "indicators1", "indicators2", "plot_limit", "db_url",
                         "trade_source", "export", "exportfilename", "timerange",
-                        "refresh_pairs", "live"])
+                        "refresh_pairs"])
 
 ARGS_PLOT_PROFIT = (ARGS_COMMON + ARGS_STRATEGY +
                     ["pairs", "timerange", "export", "exportfilename", "db_url", "trade_source"])
diff --git a/freqtrade/configuration/cli_options.py b/freqtrade/configuration/cli_options.py
index 48a0147fd..d7e4e61b1 100644
--- a/freqtrade/configuration/cli_options.py
+++ b/freqtrade/configuration/cli_options.py
@@ -128,11 +128,6 @@ AVAILABLE_CLI_OPTIONS = {
         action='store_false',
         default=True,
     ),
-    "live": Arg(
-        '-l', '--live',
-        help='Use live data.',
-        action='store_true',
-    ),
     "strategy_list": Arg(
         '--strategy-list',
         help='Provide a space-separated list of strategies to backtest. '
diff --git a/freqtrade/configuration/configuration.py b/freqtrade/configuration/configuration.py
index 47f8cf43b..f5480c53a 100644
--- a/freqtrade/configuration/configuration.py
+++ b/freqtrade/configuration/configuration.py
@@ -183,10 +183,6 @@ class Configuration(object):
                              logstring='Parameter -i/--ticker-interval detected ... '
                              'Using ticker_interval: {} ...')
 
-        self._args_to_config(config, argname='live',
-                             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 ...')
 
@@ -211,7 +207,8 @@ class Configuration(object):
         self._process_datadir_options(config)
 
         self._args_to_config(config, argname='refresh_pairs',
-                             logstring='Parameter -r/--refresh-pairs-cached detected ...')
+                             logstring='Parameter -r/--refresh-pairs-cached detected ...',
+                             deprecated_msg='-r/--refresh-pairs-cached will be removed soon.')
 
         self._args_to_config(config, argname='strategy_list',
                              logstring='Using strategy list of {} Strategies', logfun=len)
diff --git a/freqtrade/optimize/backtesting.py b/freqtrade/optimize/backtesting.py
index 3878d7603..568615b53 100644
--- a/freqtrade/optimize/backtesting.py
+++ b/freqtrade/optimize/backtesting.py
@@ -413,7 +413,6 @@ class Backtesting(object):
             refresh_pairs=self.config.get('refresh_pairs', False),
             exchange=self.exchange,
             timerange=timerange,
-            live=self.config.get('live', False)
         )
 
         if not data:
diff --git a/freqtrade/plot/plotting.py b/freqtrade/plot/plotting.py
index 52314be39..9dc6b9551 100644
--- a/freqtrade/plot/plotting.py
+++ b/freqtrade/plot/plotting.py
@@ -31,7 +31,7 @@ def init_plotscript(config):
     exchange: Optional[Exchange] = None
 
     # Exchange is only needed when downloading data!
-    if config.get("live", False) or config.get("refresh_pairs", False):
+    if config.get("refresh_pairs", False):
         exchange = ExchangeResolver(config.get('exchange', {}).get('name'),
                                     config).exchange
 
@@ -51,7 +51,6 @@ def init_plotscript(config):
         refresh_pairs=config.get('refresh_pairs', False),
         timerange=timerange,
         exchange=exchange,
-        live=config.get("live", False),
     )
 
     trades = load_trades(config)
diff --git a/freqtrade/tests/optimize/test_backtesting.py b/freqtrade/tests/optimize/test_backtesting.py
index 02e9a9c28..5c942ab72 100644
--- a/freqtrade/tests/optimize/test_backtesting.py
+++ b/freqtrade/tests/optimize/test_backtesting.py
@@ -186,9 +186,6 @@ def test_setup_configuration_without_arguments(mocker, default_conf, caplog) ->
     assert 'ticker_interval' in config
     assert not log_has_re('Parameter -i/--ticker-interval detected .*', caplog)
 
-    assert 'live' not in config
-    assert not log_has('Parameter -l/--live detected ...', caplog)
-
     assert 'position_stacking' not in config
     assert not log_has('Parameter --enable-position-stacking detected ...', caplog)
 
@@ -215,7 +212,6 @@ def test_setup_bt_configuration_with_arguments(mocker, default_conf, caplog) ->
         '--datadir', '/foo/bar',
         'backtesting',
         '--ticker-interval', '1m',
-        '--live',
         '--enable-position-stacking',
         '--disable-max-market-positions',
         '--refresh-pairs-cached',
@@ -238,9 +234,6 @@ def test_setup_bt_configuration_with_arguments(mocker, default_conf, caplog) ->
     assert log_has('Parameter -i/--ticker-interval detected ... Using ticker_interval: 1m ...',
                    caplog)
 
-    assert 'live' in config
-    assert log_has('Parameter -l/--live detected ...', caplog)
-
     assert 'position_stacking' in config
     assert log_has('Parameter --enable-position-stacking detected ...', caplog)
 
@@ -479,7 +472,6 @@ def test_backtesting_start(default_conf, mocker, caplog) -> None:
 
     default_conf['exchange']['pair_whitelist'] = ['UNITTEST/BTC']
     default_conf['ticker_interval'] = '1m'
-    default_conf['live'] = False
     default_conf['datadir'] = None
     default_conf['export'] = None
     default_conf['timerange'] = '-100'
@@ -513,7 +505,6 @@ def test_backtesting_start_no_data(default_conf, mocker, caplog) -> None:
 
     default_conf['exchange']['pair_whitelist'] = ['UNITTEST/BTC']
     default_conf['ticker_interval'] = "1m"
-    default_conf['live'] = False
     default_conf['datadir'] = None
     default_conf['export'] = None
     default_conf['timerange'] = '20180101-20180102'
@@ -815,8 +806,7 @@ def test_backtest_record(default_conf, fee, mocker):
         assert dur > 0
 
 
-@pytest.mark.filterwarnings("ignore:DEPRECATED")
-def test_backtest_start_live(default_conf, mocker, caplog):
+def test_backtest_start_timerange(default_conf, mocker, caplog):
     default_conf['exchange']['pair_whitelist'] = ['UNITTEST/BTC']
 
     async def load_pairs(pair, timeframe, since):
@@ -836,7 +826,6 @@ def test_backtest_start_live(default_conf, mocker, caplog):
         '--datadir', 'freqtrade/tests/testdata',
         'backtesting',
         '--ticker-interval', '1m',
-        '--live',
         '--timerange', '-100',
         '--enable-position-stacking',
         '--disable-max-market-positions'
@@ -846,14 +835,12 @@ def test_backtest_start_live(default_conf, mocker, caplog):
     # check the logs, that will contain the backtest result
     exists = [
         'Parameter -i/--ticker-interval detected ... Using ticker_interval: 1m ...',
-        'Parameter -l/--live detected ...',
         'Ignoring max_open_trades (--disable-max-market-positions was used) ...',
         'Parameter --timerange detected: -100 ...',
         'Using data directory: freqtrade/tests/testdata ...',
         'Using stake_currency: BTC ...',
         'Using stake_amount: 0.001 ...',
-        'Live: Downloading data for all defined pairs ...',
-        'Backtesting with data from 2017-11-14T19:31:00+00:00 '
+        'Backtesting with data from 2017-11-14T21:17:00+00:00 '
         'up to 2017-11-14T22:58:00+00:00 (0 days)..',
         'Parameter --enable-position-stacking detected ...'
     ]
@@ -862,7 +849,6 @@ def test_backtest_start_live(default_conf, mocker, caplog):
         assert log_has(line, caplog)
 
 
-@pytest.mark.filterwarnings("ignore:DEPRECATED")
 def test_backtest_start_multi_strat(default_conf, mocker, caplog):
     default_conf['exchange']['pair_whitelist'] = ['UNITTEST/BTC']
 
@@ -886,7 +872,6 @@ def test_backtest_start_multi_strat(default_conf, mocker, caplog):
         '--datadir', 'freqtrade/tests/testdata',
         'backtesting',
         '--ticker-interval', '1m',
-        '--live',
         '--timerange', '-100',
         '--enable-position-stacking',
         '--disable-max-market-positions',
@@ -904,14 +889,12 @@ def test_backtest_start_multi_strat(default_conf, mocker, caplog):
     # check the logs, that will contain the backtest result
     exists = [
         'Parameter -i/--ticker-interval detected ... Using ticker_interval: 1m ...',
-        'Parameter -l/--live detected ...',
         'Ignoring max_open_trades (--disable-max-market-positions was used) ...',
         'Parameter --timerange detected: -100 ...',
         'Using data directory: freqtrade/tests/testdata ...',
         'Using stake_currency: BTC ...',
         'Using stake_amount: 0.001 ...',
-        'Live: Downloading data for all defined pairs ...',
-        'Backtesting with data from 2017-11-14T19:31:00+00:00 '
+        'Backtesting with data from 2017-11-14T21:17:00+00:00 '
         'up to 2017-11-14T22:58:00+00:00 (0 days)..',
         'Parameter --enable-position-stacking detected ...',
         'Running backtesting for Strategy DefaultStrategy',
diff --git a/freqtrade/tests/optimize/test_edge_cli.py b/freqtrade/tests/optimize/test_edge_cli.py
index cdc724db2..25ad48e43 100644
--- a/freqtrade/tests/optimize/test_edge_cli.py
+++ b/freqtrade/tests/optimize/test_edge_cli.py
@@ -3,11 +3,14 @@
 
 from unittest.mock import MagicMock
 
+import pytest
+
 from freqtrade.edge import PairInfo
 from freqtrade.optimize import setup_configuration, start_edge
 from freqtrade.optimize.edge_cli import EdgeCli
 from freqtrade.state import RunMode
-from freqtrade.tests.conftest import (get_args, log_has, log_has_re, patch_exchange,
+from freqtrade.tests.conftest import (get_args, log_has, log_has_re,
+                                      patch_exchange,
                                       patched_configuration_load_config_file)
 
 
@@ -40,6 +43,7 @@ def test_setup_configuration_without_arguments(mocker, default_conf, caplog) ->
     assert 'stoploss_range' not in config
 
 
+@pytest.mark.filterwarnings("ignore:DEPRECATED")
 def test_setup_edge_configuration_with_arguments(mocker, edge_conf, caplog) -> None:
     patched_configuration_load_config_file(mocker, edge_conf)
     mocker.patch(
diff --git a/freqtrade/tests/optimize/test_hyperopt.py b/freqtrade/tests/optimize/test_hyperopt.py
index 55ac6a739..cfd75fd9d 100644
--- a/freqtrade/tests/optimize/test_hyperopt.py
+++ b/freqtrade/tests/optimize/test_hyperopt.py
@@ -86,9 +86,6 @@ def test_setup_hyperopt_configuration_without_arguments(mocker, default_conf, ca
     assert 'ticker_interval' in config
     assert not log_has_re('Parameter -i/--ticker-interval detected .*', caplog)
 
-    assert 'live' not in config
-    assert not log_has('Parameter -l/--live detected ...', caplog)
-
     assert 'position_stacking' not in config
     assert not log_has('Parameter --enable-position-stacking detected ...', caplog)
 
@@ -100,6 +97,7 @@ def test_setup_hyperopt_configuration_without_arguments(mocker, default_conf, ca
     assert config['runmode'] == RunMode.HYPEROPT
 
 
+@pytest.mark.filterwarnings("ignore:DEPRECATED")
 def test_setup_hyperopt_configuration_with_arguments(mocker, default_conf, caplog) -> None:
     patched_configuration_load_config_file(mocker, default_conf)
     mocker.patch(
diff --git a/freqtrade/tests/test_arguments.py b/freqtrade/tests/test_arguments.py
index 601f41e63..24f11e32e 100644
--- a/freqtrade/tests/test_arguments.py
+++ b/freqtrade/tests/test_arguments.py
@@ -98,7 +98,6 @@ def test_parse_args_backtesting_custom() -> None:
     args = [
         '-c', 'test_conf.json',
         'backtesting',
-        '--live',
         '--ticker-interval', '1m',
         '--refresh-pairs-cached',
         '--strategy-list',
@@ -107,7 +106,6 @@ def test_parse_args_backtesting_custom() -> None:
         ]
     call_args = Arguments(args, '').get_parsed_arg()
     assert call_args.config == ['test_conf.json']
-    assert call_args.live is True
     assert call_args.verbosity == 0
     assert call_args.subparser == 'backtesting'
     assert call_args.func is not None
diff --git a/freqtrade/tests/test_configuration.py b/freqtrade/tests/test_configuration.py
index 6d74f8b37..a2a87c2cf 100644
--- a/freqtrade/tests/test_configuration.py
+++ b/freqtrade/tests/test_configuration.py
@@ -338,9 +338,6 @@ def test_setup_configuration_without_arguments(mocker, default_conf, caplog) ->
     assert 'ticker_interval' in config
     assert not log_has('Parameter -i/--ticker-interval detected ...', caplog)
 
-    assert 'live' not in config
-    assert not log_has('Parameter -l/--live detected ...', caplog)
-
     assert 'position_stacking' not in config
     assert not log_has('Parameter --enable-position-stacking detected ...', caplog)
 
@@ -369,7 +366,6 @@ def test_setup_configuration_with_arguments(mocker, default_conf, caplog) -> Non
         '--userdir', "/tmp/freqtrade",
         'backtesting',
         '--ticker-interval', '1m',
-        '--live',
         '--enable-position-stacking',
         '--disable-max-market-positions',
         '--refresh-pairs-cached',
@@ -395,9 +391,6 @@ def test_setup_configuration_with_arguments(mocker, default_conf, caplog) -> Non
     assert log_has('Parameter -i/--ticker-interval detected ... Using ticker_interval: 1m ...',
                    caplog)
 
-    assert 'live' in config
-    assert log_has('Parameter -l/--live detected ...', caplog)
-
     assert 'position_stacking'in config
     assert log_has('Parameter --enable-position-stacking detected ...', caplog)
 
diff --git a/freqtrade/tests/test_main.py b/freqtrade/tests/test_main.py
index 409025a3c..db5a438d0 100644
--- a/freqtrade/tests/test_main.py
+++ b/freqtrade/tests/test_main.py
@@ -28,7 +28,6 @@ def test_parse_args_backtesting(mocker) -> None:
     assert backtesting_mock.call_count == 1
     call_args = backtesting_mock.call_args[0][0]
     assert call_args.config == ['config.json']
-    assert call_args.live is False
     assert call_args.verbosity == 0
     assert call_args.subparser == 'backtesting'
     assert call_args.func is not None