diff --git a/freqtrade/freqtradebot.py b/freqtrade/freqtradebot.py
index 0595e0d35..df9fd0b17 100644
--- a/freqtrade/freqtradebot.py
+++ b/freqtrade/freqtradebot.py
@@ -25,7 +25,7 @@ from freqtrade.rpc import RPCManager, RPCMessageType
 from freqtrade.pairlist.pairlistmanager import PairListManager
 from freqtrade.state import State
 from freqtrade.strategy.interface import IStrategy, SellType
-from freqtrade.wallets import Wallets
+from freqtrade.wallets import Wallets, WalletsDry
 
 logger = logging.getLogger(__name__)
 
@@ -62,7 +62,13 @@ class FreqtradeBot:
 
         self.exchange = ExchangeResolver(self.config['exchange']['name'], self.config).exchange
 
-        self.wallets = Wallets(self.config, self.exchange)
+        persistence.init(self.config.get('db_url', None),
+                         clean_open_orders=self.config.get('dry_run', False))
+
+        if self.config['dry_run']:
+            self.wallets = WalletsDry(self.config, self.exchange)
+        else:
+            self.wallets = Wallets(self.config, self.exchange)
         self.dataprovider = DataProvider(self.config, self.exchange)
 
         # Attach Dataprovider to Strategy baseclass
@@ -78,9 +84,6 @@ class FreqtradeBot:
 
         self.active_pair_whitelist = self._refresh_whitelist()
 
-        persistence.init(self.config.get('db_url', None),
-                         clean_open_orders=self.config.get('dry_run', False))
-
         # Set initial bot state from config
         initial_state = self.config.get('initial_state')
         self.state = State[initial_state.upper()] if initial_state else State.STOPPED
diff --git a/freqtrade/rpc/telegram.py b/freqtrade/rpc/telegram.py
index 2e736f11a..4d7857f44 100644
--- a/freqtrade/rpc/telegram.py
+++ b/freqtrade/rpc/telegram.py
@@ -331,7 +331,13 @@ class Telegram(RPC):
         try:
             result = self._rpc_balance(self._config['stake_currency'],
                                        self._config.get('fiat_display_currency', ''))
+
             output = ''
+            if self._config['dry_run']:
+                output += (
+                    f"Simulated balances - starting capital: "
+                    f"`{self._config['dry_run_wallet']}` {self._config['stake_currency']}.\n"
+                    )
             for currency in result['currencies']:
                 if currency['est_stake'] > 0.0001:
                     curr_output = "*{currency}:*\n" \
diff --git a/freqtrade/wallets.py b/freqtrade/wallets.py
index c674b5286..eb2603776 100644
--- a/freqtrade/wallets.py
+++ b/freqtrade/wallets.py
@@ -28,9 +28,6 @@ class Wallets:
 
     def get_free(self, currency) -> float:
 
-        if self._config['dry_run']:
-            return self._config.get('dry_run_wallet', constants.DRY_RUN_WALLET)
-
         balance = self._wallets.get(currency)
         if balance and balance.free:
             return balance.free
@@ -39,9 +36,6 @@ class Wallets:
 
     def get_used(self, currency) -> float:
 
-        if self._config['dry_run']:
-            return self._config.get('dry_run_wallet', constants.DRY_RUN_WALLET)
-
         balance = self._wallets.get(currency)
         if balance and balance.used:
             return balance.used
@@ -50,9 +44,6 @@ class Wallets:
 
     def get_total(self, currency) -> float:
 
-        if self._config['dry_run']:
-            return self._config.get('dry_run_wallet', constants.DRY_RUN_WALLET)
-
         balance = self._wallets.get(currency)
         if balance and balance.total:
             return balance.total
@@ -75,3 +66,35 @@ class Wallets:
 
     def get_all_balances(self) -> Dict[str, Any]:
         return self._wallets
+
+
+class WalletsDry(Wallets):
+
+    def __init__(self, config: dict, exchange: Exchange) -> None:
+        self.start_cap = config['dry_run_wallet']
+        super().__init__(config, exchange)
+
+    def update(self) -> None:
+        """ Update does not do anything in dry-mode..."""
+        from freqtrade.persistence import Trade
+        closed_trades = Trade.get_trades(Trade.is_open.is_(False)).all()
+        print(len(closed_trades))
+        tot_profit = sum([trade.calc_profit() for trade in closed_trades])
+        current_stake = self.start_cap + tot_profit
+        self._wallets[self._config['stake_currency']] = Wallet(
+            self._config['stake_currency'],
+            current_stake,
+            0,
+            current_stake
+        )
+        open_trades = Trade.get_trades(Trade.is_open.is_(True)).all()
+
+        for trade in open_trades:
+            curr = trade.pair.split('/')[0]
+            trade.amount
+            self._wallets[curr] = Wallet(
+                curr,
+                trade.amount,
+                0,
+                trade.amount
+            )