diff --git a/docs/utils.md b/docs/utils.md
index 3d6eda3ce..eb675442f 100644
--- a/docs/utils.md
+++ b/docs/utils.md
@@ -947,6 +947,7 @@ Common arguments:
   --userdir PATH, --user-data-dir PATH
                         Path to userdata directory.
 ```
+
 ### Examples
 
 Print trades with id 2 and 3 as json
@@ -956,11 +957,45 @@ freqtrade show-trades --db-url sqlite:///tradesv3.sqlite --trade-ids 2 3 --print
 ```
 
 ### Strategy-Updater
-Updates a list strategies or all strategies within the strategies folder to be v3 compliant including futures.
-If the command runs without --strategy-list then all files inside the strategies folder will be converted.
-```
-usage: freqtrade strategy_updater 
 
-optional arguments:
-  --strategy-list       defines a list of strategies that should be converted
+Updates listed strategies or all strategies within the strategies folder to be v3 compliant.
+If the command runs without --strategy-list then all strategies inside the strategies folder will be converted.
+Your original strategy will remain available in the `user_data/strategies_orig_updater/` directory.
+
+!!! Warning "Conversion results"
+    Strategy updater will work on a "best effort" approach. Please do your due diligence and verify the results of the conversion.
+    We also recommend to run a python formatter (e.g. `black`) to format results in a sane manner.
+
+```
+usage: freqtrade strategy-updater [-h] [-v] [--logfile FILE] [-V] [-c PATH]
+                                  [-d PATH] [--userdir PATH]
+                                  [--strategy-list STRATEGY_LIST [STRATEGY_LIST ...]]
+
+options:
+  -h, --help            show this help message and exit
+  --strategy-list STRATEGY_LIST [STRATEGY_LIST ...]
+                        Provide a space-separated list of strategies to
+                        backtest. Please note that timeframe needs to be set
+                        either in config or via command line. When using this
+                        together with `--export trades`, the strategy-name is
+                        injected into the filename (so `backtest-data.json`
+                        becomes `backtest-data-SampleStrategy.json`
+
+Common arguments:
+  -v, --verbose         Verbose mode (-vv for more, -vvv to get all messages).
+  --logfile FILE, --log-file FILE
+                        Log to the file specified. Special values are:
+                        'syslog', 'journald'. See the documentation for more
+                        details.
+  -V, --version         show program's version number and exit
+  -c PATH, --config PATH
+                        Specify configuration file (default:
+                        `userdir/config.json` or `config.json` whichever
+                        exists). Multiple --config options may be used. Can be
+                        set to `-` to read config from stdin.
+  -d PATH, --datadir PATH, --data-dir PATH
+                        Path to directory with historical backtesting data.
+  --userdir PATH, --user-data-dir PATH
+                        Path to userdata directory.
+
 ```
diff --git a/freqtrade/commands/arguments.py b/freqtrade/commands/arguments.py
index a3cdc378a..9b714a864 100644
--- a/freqtrade/commands/arguments.py
+++ b/freqtrade/commands/arguments.py
@@ -116,7 +116,7 @@ NO_CONF_REQURIED = ["convert-data", "convert-trade-data", "download-data", "list
 
 NO_CONF_ALLOWED = ["create-userdir", "list-exchanges", "new-strategy"]
 
-ARGS_STRATEGY_UTILS = ARGS_COMMON_OPTIMIZE + ["strategy_list"]
+ARGS_STRATEGY_UTILS = ["strategy_list"]
 
 
 class Arguments:
diff --git a/requirements.txt b/requirements.txt
index 7607a3664..a0ff8e03a 100644
--- a/requirements.txt
+++ b/requirements.txt
@@ -56,4 +56,4 @@ schedule==1.1.0
 websockets==10.4
 janus==1.0.0
 
-ast-comments>=1.0.0
+ast-comments==1.0.0