diff --git a/freqtrade/configuration/cli_options.py b/freqtrade/configuration/cli_options.py
index aab3c12b3..a5784b0c1 100644
--- a/freqtrade/configuration/cli_options.py
+++ b/freqtrade/configuration/cli_options.py
@@ -192,10 +192,11 @@ AVAILABLE_CLI_OPTIONS = {
         default=False,
     ),
     "print_colorized": Arg(
-        '--color', '--print-colorized',
-        help='Print colorized hyperopt results.',
-        action='store_true',
-        default=False
+        '--no-color',
+        help='Disable colorization of hyperopt results. May be useful if you are '
+        'redirecting output to a file.',
+        action='store_false',
+        default=True,
     ),
     "hyperopt_jobs": Arg(
         '-j', '--job-workers',
diff --git a/freqtrade/configuration/configuration.py b/freqtrade/configuration/configuration.py
index 01732ca9e..4d85d5c28 100644
--- a/freqtrade/configuration/configuration.py
+++ b/freqtrade/configuration/configuration.py
@@ -254,8 +254,9 @@ class Configuration(object):
         self._args_to_config(config, argname='print_all',
                              logstring='Parameter --print-all detected ...')
 
-        self._args_to_config(config, argname='print_colorized',
-                             logstring='Parameter --color/--print-colorized detected ...')
+        if 'print_colorized' in self.args and not self.args.print_colorized:
+            logger.info('Parameter --no-color detected ...')
+        config.update({'print_colorized': getattr(self.args, 'print_colorized')})
 
         self._args_to_config(config, argname='hyperopt_jobs',
                              logstring='Parameter -j/--job-workers detected: {}')