diff --git a/freqtrade/freqtradebot.py b/freqtrade/freqtradebot.py
index 2225ddd89..9a1b2ab0c 100644
--- a/freqtrade/freqtradebot.py
+++ b/freqtrade/freqtradebot.py
@@ -1400,11 +1400,9 @@ class FreqtradeBot(LoggingMixin):
         :return: valid price for the order
         """
         if custom_price:
-            if isinstance(custom_price, int):
+            try:
                 valid_price = float(custom_price)
-            elif isinstance(custom_price, float):
-                valid_price = custom_price
-            else:
+            except ValueError:
                 valid_price = proposed_price
         else:
             valid_price = proposed_price
diff --git a/tests/test_freqtradebot.py b/tests/test_freqtradebot.py
index a67f5b290..a475ced48 100644
--- a/tests/test_freqtradebot.py
+++ b/tests/test_freqtradebot.py
@@ -4596,19 +4596,23 @@ def test_get_valid_price(mocker, default_conf) -> None:
     freqtrade = FreqtradeBot(default_conf)
 
     custom_price_string = "10"
+    custom_price_badstring = "10abc"
     custom_price_float = 10.0
     custom_price_int = 10
 
     proposed_price = 12.2
 
     valid_price_from_string = freqtrade.get_valid_price(custom_price_string, proposed_price)
+    valid_price_from_badstring = freqtrade.get_valid_price(custom_price_badstring, proposed_price)
     valid_price_from_int = freqtrade.get_valid_price(custom_price_int, proposed_price)
     valid_price_from_float = freqtrade.get_valid_price(custom_price_float, proposed_price)
 
     assert isinstance(valid_price_from_string, float)
+    assert isinstance(valid_price_from_badstring, float)
     assert isinstance(valid_price_from_int, float)
     assert isinstance(valid_price_from_float, float)
 
-    assert valid_price_from_string == proposed_price
+    assert valid_price_from_string == custom_price_float
+    assert valid_price_from_badstring == proposed_price
     assert valid_price_from_int == custom_price_int
     assert valid_price_from_float == custom_price_float