diff --git a/tests/libwallet_api_tests/scripts/README.md b/tests/libwallet_api_tests/scripts/README.md
index 2ea622302d..cb6dcf7b1e 100644
--- a/tests/libwallet_api_tests/scripts/README.md
+++ b/tests/libwallet_api_tests/scripts/README.md
@@ -5,6 +5,11 @@
   By default, tests expect daemon running at ```localhost:38081```,
   can be overridden with environment variable ```TESTNET_DAEMON_ADDRESS=<your_daemon_address>```
   [Manual](https://github.com/moneroexamples/private-testnet) explaining how to run private testnet.
+  It is benefitial to run the node with the `--disable-rpc-ban` option, because the test will be abusing the node.
+
+* Running monero node, linked to mainnet.
+  By default, tests expect daemon running at ```localhost:18081```,
+  can be overridden with environment variable ```MAINNET_DAEMON_ADDRESS=<your_daemon_address>```
 
 * Directory with pre-generated wallets
   (wallet_01.bin, wallet_02.bin,...,wallet_06.bin, some of these wallets might not be used in the tests currently). 
@@ -12,13 +17,25 @@
   Directory can be overridden with environment variable ```WALLETS_ROOT_DIR=<your_directory_with_wallets>```.
   Directory and files should be writable for the user running tests.
 
+* The above environment variables can be conviniently modified and exported via the `conf.sh` script.
+
+## Preparation of WALLETS_ROOT_DIR
+Ideally copy all the scripts and symlink the test executable into the directory pointed by `WALLETS_ROOT_DIR` variable
+and adjust your choices via the `conf.sh` script. In such scenario, uncomment the `export WALLETS_ROOT_DIR=.` line.
+From there, run the below scripts:
 
 ## Generating test wallets
 * ```create_wallets.sh``` - this script will create wallets (wallet_01.bin, wallet_02.bin,...,wallet_06.bin) in current directory. 
-  when running first time, please uncomment line ```#create_wallet wallet_m``` to create miner wallet as well. 
-  This wallet should be used for mining and all test wallets supposed to be seed from this miner wallet
+  when running first time, the script will create a special wallet_m.bin miner wallet as well.
+  This wallet should be used for mining and all test wallets supposed to be seed from this miner wallet.
 
-* ```mining_start.sh``` and ```mining_stop.sh``` - helper scripts to start and stop mining on miner wallet
+* ```mining_start.sh``` and ```mining_stop.sh``` - helper scripts to start and stop mining on miner wallet.
 
-* ```send_funds.sh``` - script for seeding test wallets. Please run this script when you have enough money on miner wallet
+* ```send_funds.sh``` - script for seeding test wallets. Please run this script when you have enough money on miner wallet.
 
+## Running the tests
+* Before running the tests, you have to source the `conf.sh` script with: `source conf.sh` or just: `. conf.sh` within the same terminal.
+
+* The particular tests can be executed using a Regex filter, for example: `./libwallet_api_tests --gtest_filter=WalletTest1.WalletShowsBalance`.
+
+* Execute `./libwallet_api_tests --gtest_list_tests` to obtain the full list of available tests.
diff --git a/tests/libwallet_api_tests/scripts/conf.sh b/tests/libwallet_api_tests/scripts/conf.sh
new file mode 100755
index 0000000000..c91418d6c7
--- /dev/null
+++ b/tests/libwallet_api_tests/scripts/conf.sh
@@ -0,0 +1,25 @@
+#!/bin/bash -e
+
+# path where created wallets will reside
+# By default: /var/monero/testnet_pvt
+export WALLETS_ROOT_DIR="/var/monero/testnet_pvt"
+# If the wallets are created in a different directory, please uncomment and adjust the following export:
+#export WALLETS_ROOT_DIR=.
+
+# path to monero-wallet-cli
+WALLET_CLI_DIR=.
+WALLET_CLI="$WALLET_CLI_DIR/monero-wallet-cli"
+
+# Testnet daemon defaults:
+DAEMON_PORT=38081
+DAEMON_HOST=localhost
+
+# If the daemon defaults are to be changed, please uncomment the following export:
+#export TESTNET_DAEMON_ADDRESS=$DAEMON_HOST:$DAEMON_PORT
+
+
+# Mainnet daemon defaults:
+#DAEMON_PORT_MAINNET=18081
+#DAEMON_HOST_MAINNET=$DAEMON_HOST
+#export MAINNET_DAEMON_ADDRESS=$DAEMON_HOST_MAINNET:$DAEMON_PORT_MAINNET
+
diff --git a/tests/libwallet_api_tests/scripts/create_wallets.sh b/tests/libwallet_api_tests/scripts/create_wallets.sh
index f33564e7fc..2ba3ac14e1 100755
--- a/tests/libwallet_api_tests/scripts/create_wallets.sh
+++ b/tests/libwallet_api_tests/scripts/create_wallets.sh
@@ -1,18 +1,27 @@
-#!/bin/bash
+#!/bin/bash -e
+
+. ./conf.sh
 
 function create_wallet {
     wallet_name=$1
-    echo 0 | monero-wallet-cli  --testnet --trusted-daemon --daemon-address localhost:38081 --generate-new-wallet $wallet_name --password "" --restore-height=1
+    echo 0 | "$WALLET_CLI" --testnet --trusted-daemon --daemon-address $DAEMON_HOST:$DAEMON_PORT --generate-new-wallet "${WALLETS_ROOT_DIR}/${wallet_name}.bin" --restore-height=1 --password ""
+}
+
+function create_wallet_if_not_exists {
+    wallet_name=$1
+    if [ ! -f "$WALLETS_ROOT_DIR/$wallet_name" ]; then
+        create_wallet $wallet_name
+    fi
 }
 
 
-create_wallet wallet_01.bin
-create_wallet wallet_02.bin
-create_wallet wallet_03.bin
-create_wallet wallet_04.bin
-create_wallet wallet_05.bin
-create_wallet wallet_06.bin
-
-# create_wallet wallet_m
-
+create_wallet wallet_01
+create_wallet wallet_02
+create_wallet wallet_03
+create_wallet wallet_04
+create_wallet wallet_05
+create_wallet wallet_06
 
+create_wallet_if_not_exists wallet_m
+# In case you want to recreate it anyway, just uncomment the next line:
+#create_wallet wallet_m
diff --git a/tests/libwallet_api_tests/scripts/mining_start.sh b/tests/libwallet_api_tests/scripts/mining_start.sh
index 30e3b7fbb9..b22d84a88b 100755
--- a/tests/libwallet_api_tests/scripts/mining_start.sh
+++ b/tests/libwallet_api_tests/scripts/mining_start.sh
@@ -1,4 +1,6 @@
-#!/bin/bash
+#!/bin/bash -e
 
-rlwrap monero-wallet-cli --wallet-file wallet_m --password "" --testnet --trusted-daemon --daemon-address localhost:38081  --log-file wallet_m.log start_mining
+. ./conf.sh
+
+rlwrap "$WALLET_CLI" --wallet-file "$WALLETS_ROOT_DIR/wallet_m.bin" --password "" --testnet --trusted-daemon --daemon-address $DAEMON_HOST:$DAEMON_PORT --log-file "$WALLETS_ROOT_DIR/wallet_m.log" start_mining
 
diff --git a/tests/libwallet_api_tests/scripts/mining_stop.sh b/tests/libwallet_api_tests/scripts/mining_stop.sh
index fadd680852..05dfe37d00 100755
--- a/tests/libwallet_api_tests/scripts/mining_stop.sh
+++ b/tests/libwallet_api_tests/scripts/mining_stop.sh
@@ -1,4 +1,6 @@
-#!/bin/bash
+#!/bin/bash -e
 
-rlwrap monero-wallet-cli --wallet-file wallet_m --password "" --testnet --trusted-daemon --daemon-address localhost:38081  --log-file wallet_miner.log stop_mining
+. ./conf.sh
+
+rlwrap "$WALLET_CLI" --wallet-file "$WALLETS_ROOT_DIR/wallet_m.bin" --password "" --testnet --trusted-daemon --daemon-address $DAEMON_HOST:$DAEMON_PORT --log-file "$WALLETS_ROOT_DIR/wallet_m.log" stop_mining
 
diff --git a/tests/libwallet_api_tests/scripts/open_wallet_1.sh b/tests/libwallet_api_tests/scripts/open_wallet_1.sh
index 6e5a373d8a..a2ed62a188 100755
--- a/tests/libwallet_api_tests/scripts/open_wallet_1.sh
+++ b/tests/libwallet_api_tests/scripts/open_wallet_1.sh
@@ -1,5 +1,4 @@
-#!/bin/bash
+#!/bin/bash -e
 
-
-rlwrap monero-wallet-cli --wallet-file wallet_01.bin --password "" --testnet --trusted-daemon --daemon-address localhost:38081  --log-file wallet_01.log
+./open_wallet_par.sh wallet_1
 
diff --git a/tests/libwallet_api_tests/scripts/open_wallet_2.sh b/tests/libwallet_api_tests/scripts/open_wallet_2.sh
index 305af2f110..b06d478e0e 100755
--- a/tests/libwallet_api_tests/scripts/open_wallet_2.sh
+++ b/tests/libwallet_api_tests/scripts/open_wallet_2.sh
@@ -1,5 +1,4 @@
-#!/bin/bash
+#!/bin/bash -e
 
-
-rlwrap monero-wallet-cli --wallet-file wallet_02.bin --password "" --testnet --trusted-daemon --daemon-address localhost:38081  --log-file wallet_01.log
+./open_wallet_par.sh wallet_2
 
diff --git a/tests/libwallet_api_tests/scripts/open_wallet_3.sh b/tests/libwallet_api_tests/scripts/open_wallet_3.sh
index 43df4a9060..b06d478e0e 100755
--- a/tests/libwallet_api_tests/scripts/open_wallet_3.sh
+++ b/tests/libwallet_api_tests/scripts/open_wallet_3.sh
@@ -1,4 +1,4 @@
-#!/bin/bash
+#!/bin/bash -e
 
-rlwrap monero-wallet-cli --wallet-file wallet_03.bin --password "" --testnet --trusted-daemon --daemon-address localhost:38081  --log-file wallet_03.log
+./open_wallet_par.sh wallet_2
 
diff --git a/tests/libwallet_api_tests/scripts/open_wallet_4.sh b/tests/libwallet_api_tests/scripts/open_wallet_4.sh
index c48dd56362..203eedb503 100755
--- a/tests/libwallet_api_tests/scripts/open_wallet_4.sh
+++ b/tests/libwallet_api_tests/scripts/open_wallet_4.sh
@@ -1,4 +1,4 @@
-#!/bin/bash
+#!/bin/bash -e
 
-rlwrap monero-wallet-cli --wallet-file wallet_04.bin --password "" --testnet --trusted-daemon --daemon-address localhost:38081  --log-file wallet_04.log
+./open_wallet_par.sh wallet_4
 
diff --git a/tests/libwallet_api_tests/scripts/open_wallet_5.sh b/tests/libwallet_api_tests/scripts/open_wallet_5.sh
index 820114d488..1ca77f8cc9 100755
--- a/tests/libwallet_api_tests/scripts/open_wallet_5.sh
+++ b/tests/libwallet_api_tests/scripts/open_wallet_5.sh
@@ -1,4 +1,5 @@
-#!/bin/bash
+#!/bin/bash -e
+
+./open_wallet_par.sh wallet_5
 
-rlwrap monero-wallet-cli --wallet-file wallet_05.bin --password "" --testnet --trusted-daemon --daemon-address localhost:38081  --log-file wallet_05.log
 
diff --git a/tests/libwallet_api_tests/scripts/open_wallet_6.sh b/tests/libwallet_api_tests/scripts/open_wallet_6.sh
new file mode 100755
index 0000000000..2723aec441
--- /dev/null
+++ b/tests/libwallet_api_tests/scripts/open_wallet_6.sh
@@ -0,0 +1,4 @@
+#!/bin/bash -e
+
+./open_wallet_par.sh wallet_6
+
diff --git a/tests/libwallet_api_tests/scripts/open_wallet_miner.sh b/tests/libwallet_api_tests/scripts/open_wallet_miner.sh
index 633e2519c8..a93361bca7 100755
--- a/tests/libwallet_api_tests/scripts/open_wallet_miner.sh
+++ b/tests/libwallet_api_tests/scripts/open_wallet_miner.sh
@@ -1,4 +1,3 @@
-#!/bin/bash
-
-rlwrap monero-wallet-cli --wallet-file wallet_m --password "" --testnet --trusted-daemon --daemon-address 127.0.0.1:38081  --log-file wallet_m.log
+#!/bin/bash -e
 
+./open_wallet_par.sh wallet_m
diff --git a/tests/libwallet_api_tests/scripts/open_wallet_par.sh b/tests/libwallet_api_tests/scripts/open_wallet_par.sh
new file mode 100755
index 0000000000..55647a46f6
--- /dev/null
+++ b/tests/libwallet_api_tests/scripts/open_wallet_par.sh
@@ -0,0 +1,15 @@
+#!/bin/bash -e
+
+. ./conf.sh
+
+WALLET_NAME=$1
+
+if [ -z $WALLET_NAME ]; then
+    echo "Please provide the wallet name as the 1st parameter"
+    exit 1
+fi
+echo "Opening wallet: $WALLET_NAME"
+
+
+rlwrap "$WALLET_CLI" --wallet-file "$WALLETS_ROOT_DIR/$WALLET_NAME.bin" --password "" --testnet --trusted-daemon --daemon-address $DAEMON_HOST:$DAEMON_PORT  --log-file "$WALLETS_ROOT_DIR/$WALLET_NAME.log"
+
diff --git a/tests/libwallet_api_tests/scripts/send_funds.sh b/tests/libwallet_api_tests/scripts/send_funds.sh
index 3ce9233532..92e6c6fdfa 100755
--- a/tests/libwallet_api_tests/scripts/send_funds.sh
+++ b/tests/libwallet_api_tests/scripts/send_funds.sh
@@ -1,12 +1,14 @@
-#!/bin/bash
+#!/bin/bash -e
+
+. ./conf.sh
 
 function send_funds {
     local amount=$1
-    local dest=$(cat "$2.address.txt")
+    local dest=$(cat "$WALLETS_ROOT_DIR/$2.address.txt")
 
-    monero-wallet-cli --wallet-file wallet_m --password "" \
-        --testnet --trusted-daemon --daemon-address localhost:38081  --log-file wallet_m.log \
-        --command transfer $dest $amount 
+    "$WALLET_CLI" --wallet-file "$WALLETS_ROOT_DIR/wallet_m.bin" --password "" \
+        --testnet --trusted-daemon --daemon-address $DAEMON_HOST:$DAEMON_PORT --log-file "$WALLETS_ROOT_DIR/wallet_m.log" \
+        --command transfer $dest $amount
 }
 
 
@@ -27,6 +29,3 @@ seed_wallets 10
 seed_wallets 20
 seed_wallets 50
 seed_wallets 100
-
-
-