diff --git a/freqtrade/configuration/config_schema.py b/freqtrade/configuration/config_schema.py
index e3c575b79..5b0c7a12f 100644
--- a/freqtrade/configuration/config_schema.py
+++ b/freqtrade/configuration/config_schema.py
@@ -893,39 +893,77 @@ CONF_SCHEMA = {
             "required": ["process_throttle_secs", "allowed_risk"],
         },
         "external_message_consumer": {
+            "description": "Configuration for external message consumer.",
             "type": "object",
             "properties": {
-                "enabled": {"type": "boolean", "default": False},
+                "enabled": {
+                    "description": "Whether the external message consumer is enabled.",
+                    "type": "boolean",
+                    "default": False,
+                },
                 "producers": {
+                    "description": "List of producers for the external message consumer.",
                     "type": "array",
                     "items": {
                         "type": "object",
                         "properties": {
-                            "name": {"type": "string"},
-                            "host": {"type": "string"},
+                            "name": {
+                                "description": "Name of the producer.",
+                                "type": "string",
+                            },
+                            "host": {
+                                "description": "Host of the producer.",
+                                "type": "string",
+                            },
                             "port": {
+                                "description": "Port of the producer.",
                                 "type": "integer",
                                 "default": 8080,
                                 "minimum": 0,
                                 "maximum": 65535,
                             },
-                            "secure": {"type": "boolean", "default": False},
-                            "ws_token": {"type": "string"},
+                            "secure": {
+                                "description": "Whether to use SSL to connect to the producer.",
+                                "type": "boolean",
+                                "default": False,
+                            },
+                            "ws_token": {
+                                "description": "WebSocket token for the producer.",
+                                "type": "string",
+                            },
                         },
                         "required": ["name", "host", "ws_token"],
                     },
                 },
-                "wait_timeout": {"type": "integer", "minimum": 0},
-                "sleep_time": {"type": "integer", "minimum": 0},
-                "ping_timeout": {"type": "integer", "minimum": 0},
-                "remove_entry_exit_signals": {"type": "boolean", "default": False},
+                "wait_timeout": {
+                    "description": "Wait timeout in seconds.",
+                    "type": "integer",
+                    "minimum": 0,
+                },
+                "sleep_time": {
+                    "description": "Sleep time in seconds before retrying to connect.",
+                    "type": "integer",
+                    "minimum": 0,
+                },
+                "ping_timeout": {
+                    "description": "Ping timeout in seconds.",
+                    "type": "integer",
+                    "minimum": 0,
+                },
+                "remove_entry_exit_signals": {
+                    "description": "Remove signal columns from the dataframe (set them to 0)",
+                    "type": "boolean",
+                    "default": False,
+                },
                 "initial_candle_limit": {
+                    "description": "Initial candle limit.",
                     "type": "integer",
                     "minimum": 0,
                     "maximum": 1500,
                     "default": 1500,
                 },
-                "message_size_limit": {  # In megabytes
+                "message_size_limit": {
+                    "description": "Message size limit in megabytes.",
                     "type": "integer",
                     "minimum": 1,
                     "maximum": 20,