diff --git a/freqtrade/commands/arguments.py b/freqtrade/commands/arguments.py
index 3090bb8e0..a56185471 100755
--- a/freqtrade/commands/arguments.py
+++ b/freqtrade/commands/arguments.py
@@ -115,7 +115,7 @@ ARGS_CREATE_USERDIR = ["user_data_dir", "reset"]
 ARGS_BUILD_CONFIG = ["config"]
 ARGS_SHOW_CONFIG = ["user_data_dir", "config", "show_sensitive"]
 
-ARGS_BUILD_STRATEGY = ["user_data_dir", "strategy", "template"]
+ARGS_BUILD_STRATEGY = ["user_data_dir", "strategy", "strategy_path", "template"]
 
 ARGS_CONVERT_DATA_TRADES = ["pairs", "format_from_trades", "format_to", "erase", "exchange"]
 ARGS_CONVERT_DATA = ["pairs", "format_from", "format_to", "erase", "exchange"]
diff --git a/freqtrade/commands/deploy_commands.py b/freqtrade/commands/deploy_commands.py
index 0d188e514..11e96a2ac 100644
--- a/freqtrade/commands/deploy_commands.py
+++ b/freqtrade/commands/deploy_commands.py
@@ -86,7 +86,11 @@ def start_new_strategy(args: dict[str, Any]) -> None:
     config = setup_utils_configuration(args, RunMode.UTIL_NO_EXCHANGE)
 
     if "strategy" in args and args["strategy"]:
-        new_path = config["user_data_dir"] / USERPATH_STRATEGIES / (args["strategy"] + ".py")
+        if "strategy_path" in args and args["strategy_path"]:
+            strategy_dir = Path(args["strategy_path"])
+        else:
+            strategy_dir = config["user_data_dir"] / USERPATH_STRATEGIES
+        new_path = strategy_dir / (args["strategy"] + ".py")
 
         if new_path.exists():
             raise OperationalException(