diff --git a/freqtrade/persistence/models.py b/freqtrade/persistence/models.py
index 3c9b69ac2..4135ed479 100644
--- a/freqtrade/persistence/models.py
+++ b/freqtrade/persistence/models.py
@@ -587,7 +587,8 @@ class LocalTrade():
             self.amount = total_amount
             self.fee_open_cost = self.fee_open * self.stake_amount
             self.recalc_open_trade_value()
-            self.adjust_stop_loss(self.open_rate, self.stop_loss_pct)
+            if self.stop_loss_pct is not None and self.open_rate is not None:
+                self.adjust_stop_loss(self.open_rate, self.stop_loss_pct)
 
 
     def select_order(self, order_side: str, is_open: Optional[bool]) -> Optional[Order]: