diff --git a/freqtrade/optimize/backtesting.py b/freqtrade/optimize/backtesting.py
index a56e259e3..080001dfc 100644
--- a/freqtrade/optimize/backtesting.py
+++ b/freqtrade/optimize/backtesting.py
@@ -1377,7 +1377,8 @@ class Backtesting:
                 self.wallets.update()
 
             # 4. Create exit orders (if any)
-            self._check_trade_exit(trade, row, current_time)  # Place exit order if necessary
+            if trade.has_open_position:
+                self._check_trade_exit(trade, row, current_time)  # Place exit order if necessary
 
             # 5. Process exit orders.
             order = trade.select_order(trade.exit_side, is_open=True)
diff --git a/tests/persistence/test_trade_custom_data.py b/tests/persistence/test_trade_custom_data.py
index b2971883d..9dbd4d220 100644
--- a/tests/persistence/test_trade_custom_data.py
+++ b/tests/persistence/test_trade_custom_data.py
@@ -60,6 +60,7 @@ def test_trade_custom_data(fee, use_db):
 def test_trade_custom_data_strategy_compat(mocker, default_conf_usdt, fee):
     mocker.patch(f"{EXMS}.get_rate", return_value=0.50)
     mocker.patch("freqtrade.freqtradebot.FreqtradeBot.get_real_amount", return_value=None)
+    mocker.patch("freqtrade.freqtradebot.FreqtradeBot.handle_cancel_exit", return_value=True)
     default_conf_usdt["minimal_roi"] = {"0": 100}
 
     freqtrade = get_patched_freqtradebot(mocker, default_conf_usdt)
@@ -85,8 +86,10 @@ def test_trade_custom_data_strategy_compat(mocker, default_conf_usdt, fee):
     trade_after = Trade.get_trades_proxy(pair="ADA/USDT")[0]
     assert trade_after.get_custom_data("test_str") == "test_value"
     assert trade_after.get_custom_data("test_int") == 1
-    # 2 open pairs eligible for exit
-    assert ff_spy.call_count == 2
+    # 2 trades filled entry, with open exit order
+    # 1 trade with unfilled open entry order
+    # 1 trade with filled entry order
+    assert ff_spy.call_count == 4
 
     assert trade_after.exit_reason == "test_value_1"