diff --git a/docs/freqai.md b/docs/freqai.md
index 1493ac1b4..8cdd7063b 100644
--- a/docs/freqai.md
+++ b/docs/freqai.md
@@ -872,20 +872,3 @@ Users can then use these columns, concert with all their own additional indicato
 
         return df
 ```
-
-The user does need to ensure their `informative_pairs()` contains the following (users can add their own `informative_pair` needs to the bottom of this template):
-
-```python
-    def informative_pairs(self):
-        whitelist_pairs = self.dp.current_whitelist()
-        corr_pairs = self.config["freqai"]["feature_parameters"]["include_corr_pairlist"]
-        informative_pairs = []
-        for tf in self.config["freqai"]["feature_parameters"]["include_timeframes"]:
-            for pair in whitelist_pairs:
-                informative_pairs.append((pair, tf))
-            for pair in corr_pairs:
-                if pair in whitelist_pairs:
-                    continue  # avoid duplication
-                informative_pairs.append((pair, tf))
-        return informative_pairs
-```
diff --git a/freqtrade/freqai/spice_rack/lightgbm_config.json b/freqtrade/freqai/spice_rack/lightgbm_config.json
index aff28f037..89ec978db 100644
--- a/freqtrade/freqai/spice_rack/lightgbm_config.json
+++ b/freqtrade/freqai/spice_rack/lightgbm_config.json
@@ -8,18 +8,19 @@
         "identifier": "spicy-id",
         "feature_parameters": {
             "include_timeframes": [
-                "3m",
-                "15m",
-                "1h"
+                "30m",
+                "1h",
+                "4h"
             ],
             "include_corr_pairlist": [
-                "BTC/USDT",
-                "ETH/USDT"
+                "BTC/USD",
+                "ETH/USD"
             ],
             "label_period_candles": 20,
             "include_shifted_candles": 2,
             "DI_threshold": 0.9,
             "weight_factor": 0.9,
+            "principal_component_analysis": true,
             "indicator_periods_candles": [
                 10,
                 20
diff --git a/freqtrade/strategy/interface.py b/freqtrade/strategy/interface.py
index d536968de..3c2f58dfc 100644
--- a/freqtrade/strategy/interface.py
+++ b/freqtrade/strategy/interface.py
@@ -157,7 +157,6 @@ class IStrategy(ABC, HyperStrategyMixin):
 
             if spice_rack:
                 import types
-
                 from freqtrade.freqai.utils import auto_populate_any_indicators
                 self.populate_any_indicators = types.MethodType(  # type: ignore
                         auto_populate_any_indicators, self)
@@ -189,12 +188,44 @@ class IStrategy(ABC, HyperStrategyMixin):
     def setup_freqai_spice_rack(self, config: dict) -> Dict[str, Any]:
         import json
         from pathlib import Path
+        import difflib
         auto_config = config.get('freqai_config', 'lightgbm_config.json')
         with open(Path('freqtrade') / 'freqai' / 'spice_rack'
                   / auto_config) as json_file:
             freqai_config = json.load(json_file)
             config['freqai'] = freqai_config['freqai']
             config['freqai']['identifier'] = config['freqai_identifier']
+            corr_pairs = config['freqai']['feature_parameters']['include_corr_pairlist']
+            timeframes = config['freqai']['feature_parameters']['include_timeframes']
+            new_corr_pairs = []
+            new_tfs = []
+
+            # find the closest pairs to what the default config wants
+            for pair in corr_pairs:
+                closest_pair = difflib.get_close_matches(
+                                            pair,
+                                            self.dp._exchange.markets  # type: ignore
+                                            )[0]
+                new_corr_pairs.append(closest_pair)
+                logger.info(f'Spice rack will use {closest_pair} as informative in FreqAI model.')
+
+            # find the closest matching timeframes to what the default config wants
+            if timeframe_to_seconds(config['timeframe']) > timeframe_to_seconds('15m'):
+                logger.warning('Default spice rack is designed for lower base timeframes (e.g. > '
+                               f'15m). But user passed {config["timeframe"]}.')
+            new_tfs.append(config['timeframe'])
+
+            list_tfs = [timeframe_to_seconds(tf) for tf
+                        in self.dp._exchange.timeframes]  # type: ignore
+            for tf in timeframes:
+                tf_secs = timeframe_to_seconds(tf)
+                closest_index = min(range(len(list_tfs)), key=lambda i: abs(list_tfs[i] - tf_secs))
+                closest_tf = self.dp._exchange.timeframes[closest_index]  # type: ignore
+                logger.info(f'Spice rack will use {closest_tf} as informative tf in FreqAI model.')
+                new_tfs.append(closest_tf)
+
+        config['freqai']['feature_parameters'].update({'include_timeframes': new_tfs})
+        config['freqai']['feature_parameters'].update({'include_corr_pairlist': new_corr_pairs})
         config.update({"freqaimodel": 'LightGBMRegressorMultiTarget'})
         return config