diff --git a/docs/backtesting.md b/docs/backtesting.md
index 19814303b..68782bb9c 100644
--- a/docs/backtesting.md
+++ b/docs/backtesting.md
@@ -11,14 +11,15 @@ Now you have good Buy and Sell strategies and some historic data, you want to te
 real data. This is what we call
 [backtesting](https://en.wikipedia.org/wiki/Backtesting).
 
-Backtesting will use the crypto-currencies (pairs) from your config file
-and load ticker data from `user_data/data/<exchange>` by default.
-If no data is available for the exchange / pair / ticker interval combination, backtesting will
-ask you to download them first using `freqtrade download-data`.
+Backtesting will use the crypto-currencies (pairs) from your config file and load ticker data from `user_data/data/<exchange>` by default.
+If no data is available for the exchange / pair / ticker interval combination, backtesting will ask you to download them first using `freqtrade download-data`.
 For details on downloading, please refer to the [Data Downloading](data-download.md) section in the documentation.
 
 The result of backtesting will confirm if your bot has better odds of making a profit than a loss.
 
+!!! Tip "Using dynamic pairlists for backtesting"
+    While using dynamic pairlists during backtesting is not possible, a dynamic pairlist using current data can be generated via the [`test-pairlist`](utils.md#test-pairlist) command, and needs to be specified as `"pair_whitelist"` attribute in the configuration.
+
 ### Run a backtesting against the currencies listed in your config file
 
 #### With 5 min tickers (Per default)
diff --git a/docs/configuration.md b/docs/configuration.md
index 024760fb9..5ad1a886e 100644
--- a/docs/configuration.md
+++ b/docs/configuration.md
@@ -405,6 +405,9 @@ Inactive markets and blacklisted pairs are always removed from the resulting `pa
 * [`PrecisionFilter`](#precision-filter)
 * [`PriceFilter`](#price-pair-filter)
 
+!!! Tip "Testing pairlists"
+    Pairlist configurations can be quite tricky to get right. Best use the [`test-pairlist`](utils.md#test-pairlist) subcommand to test your configuration quickly.
+
 #### Static Pair List
 
 By default, the `StaticPairList` method is used, which uses a statically defined pair whitelist from the configuration. 
diff --git a/docs/utils.md b/docs/utils.md
index ca4b645a5..19368059a 100644
--- a/docs/utils.md
+++ b/docs/utils.md
@@ -234,3 +234,35 @@ $ freqtrade -c config_binance.json list-pairs --all --base BTC ETH --quote USDT
 ```
 $ freqtrade list-markets --exchange kraken --all
 ```
+
+## Test pairlist
+
+Use the `test-pairlist` subcommand to test the configuration of [dynamic pairlists](configuration.md#pairlists).
+
+Requires a configuration with specified `pairlists` attribute.
+Can be used to generate static pairlists to be used during backtesting / hyperopt.
+
+### Examples
+
+Show whitelist when using a [dynamic pairlist](configuration.md#pairlists).
+
+```
+freqtrade test-pairlist --config config.json --quote USDT BTC
+```
+
+```
+usage: freqtrade test-pairlist [-h] [-c PATH]
+                               [--quote QUOTE_CURRENCY [QUOTE_CURRENCY ...]]
+                               [-1] [--print-json]
+
+optional arguments:
+  -h, --help            show this help message and exit
+  -c PATH, --config PATH
+                        Specify configuration file (default: `config.json`).
+                        Multiple --config options may be used. Can be set to
+                        `-` to read config from stdin.
+  --quote QUOTE_CURRENCY [QUOTE_CURRENCY ...]
+                        Specify quote currency(-ies). Space-separated list.
+  -1, --one-column      Print output in one column.
+  --print-json          Print list of pairs or market symbols in JSON format.
+```