diff --git a/.pre-commit-config.yaml b/.pre-commit-config.yaml
new file mode 100644
index 000000000..31af5b7c7
--- /dev/null
+++ b/.pre-commit-config.yaml
@@ -0,0 +1,21 @@
+# See https://pre-commit.com for more information
+# See https://pre-commit.com/hooks.html for more hooks
+repos:
+-   repo: https://github.com/pycqa/flake8
+    rev: '4.0.1'
+    hooks:
+    -   id: flake8
+        # stages: [push]
+
+-   repo: https://github.com/pre-commit/mirrors-mypy
+    rev: 'v0.942'
+    hooks:
+    -   id: mypy
+        # stages: [push]
+
+-   repo: https://github.com/pycqa/isort
+    rev: '5.10.1'
+    hooks:
+      - id: isort
+        name: isort (python)
+        # stages: [push]
diff --git a/docs/developer.md b/docs/developer.md
index 2a7955953..1cc16294b 100644
--- a/docs/developer.md
+++ b/docs/developer.md
@@ -26,6 +26,9 @@ Alternatively (e.g. if your system is not supported by the setup.sh script), fol
 
 This will install all required tools for development, including `pytest`, `flake8`, `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.
+
 Before opening a pull request, please familiarize yourself with our [Contributing Guidelines](https://github.com/freqtrade/freqtrade/blob/develop/CONTRIBUTING.md).
 
 ### Devcontainer setup
diff --git a/requirements-dev.txt b/requirements-dev.txt
index 65de55b76..20fd420bd 100644
--- a/requirements-dev.txt
+++ b/requirements-dev.txt
@@ -7,6 +7,7 @@ coveralls==3.3.1
 flake8==4.0.1
 flake8-tidy-imports==4.6.0
 mypy==0.942
+pre-commit==2.18.1
 pytest==7.1.1
 pytest-asyncio==0.18.3
 pytest-cov==3.0.0
@@ -26,4 +27,4 @@ types-requests==2.27.16
 types-tabulate==0.8.6
 
 # Extensions to datetime library
-types-python-dateutil==2.8.10
\ No newline at end of file
+types-python-dateutil==2.8.10
diff --git a/setup.sh b/setup.sh
index ebfabaca5..2c3a6710b 100755
--- a/setup.sh
+++ b/setup.sh
@@ -51,6 +51,7 @@ function updateenv() {
     echo "pip install in-progress. Please wait..."
     ${PYTHON} -m pip install --upgrade pip
     read -p "Do you want to install dependencies for dev [y/N]? "
+    dev=$REPLY
     if [[ $REPLY =~ ^[Yy]$ ]]
     then
         REQUIREMENTS=requirements-dev.txt
@@ -88,6 +89,12 @@ function updateenv() {
     fi
     echo "pip install completed"
     echo
+    if [[ $dev =~ ^[Yy]$ ]] then
+        ${PYTHON} -m pre-commit install
+        if [ $? -ne 0 ]; then
+            echo "Failed installing pre-commit"
+            exit 1
+        fi
 }
 
 # Install tab lib