diff --git a/docs/hyperopt.md b/docs/hyperopt.md
index ef3d28188..2755cae2d 100644
--- a/docs/hyperopt.md
+++ b/docs/hyperopt.md
@@ -156,10 +156,10 @@ Each hyperparameter tuning requires a target. This is usually defined as a loss
 
 By default, FreqTrade uses a loss function, which has been with freqtrade since the beginning and optimizes mostly for short trade duration and avoiding losses.
 
-A different version this can be used by using the `--hyperopt-loss <Class-name>` argument.
-This class should be in it's own file within the `user_data/hyperopts/` directory.
+A different loss function can be specified by using the `--hyperopt-loss <Class-name>` argument.
+This class should be in its own file within the `user_data/hyperopts/` directory.
 
-Currently, the following loss functions are builtin: `SharpeHyperOptLoss` and `DefaultHyperOptLoss`.
+Currently, the following loss functions are builtin: `DefaultHyperOptLoss` (default legacy Freqtrade hyperoptimization loss function), `SharpeHyperOptLoss` (optimizes Sharpe Ratio calculated on the trade returns) and `OnlyProfitHyperOptLoss` (which takes only amount of profit into consideration).
 
 ### Creating and using a custom loss function