diff --git a/docs/bot-basics.md b/docs/bot-basics.md
index abc0e7b16..9fdbdc8a8 100644
--- a/docs/bot-basics.md
+++ b/docs/bot-basics.md
@@ -24,7 +24,7 @@ By default, loop runs every few seconds (`internals.process_throttle_secs`) and
 
 * Fetch open trades from persistence.
 * Calculate current list of tradable pairs.
-* Download OHLCV data for the pairlist including all [informative pairs](strategy-customization.md#get-data-for-non-tradeable-pairs)
+* Download OHLCV data for the pairlist including all [informative pairs](strategy-customization.md#get-data-for-non-tradeable-pairs)  
   This step is only executed once per Candle to avoid unnecessary network traffic.
 * Call `bot_loop_start()` strategy callback.
 * Analyze strategy per pair.
diff --git a/docs/strategy-callbacks.md b/docs/strategy-callbacks.md
index 462cf604f..a58878ee7 100644
--- a/docs/strategy-callbacks.md
+++ b/docs/strategy-callbacks.md
@@ -719,14 +719,17 @@ class DigDeeperStrategy(IStrategy):
 The `adjust_entry_price()` callback may be used by strategy developer to refresh/replace limit orders upon arrival of new candles.
 Be aware that `custom_entry_price()` is still the one dictating initial entry limit order price target at the time of entry trigger.
 
-!!! Note "Simple Order Cancelation"
-    This also allows simple cancelation without an replacement order. This behavior occurs when `None` is returned.
+Orders can ba cancelled out of this callback by returning `None`.
 
-!!! Note "Maintaining Order"
-    Maintaining existing order on exchange is facilitated. This behavior occurs when `order.price` is returned.
+Returning `current_order_rate` will keep the order on the exchange "as is".
+Returning any other price will cancel the existing order, and replace it with a new order.
 
-!!! Warning 
-    Entry `unfilledtimeout` mechanism takes precedence over this. Be sure to update timeout values to match your expectancy.
+The trade open-date (`trade.open_date_utc`) will remain at the time of the very first order placed.
+Please makes sure to be aware of this - and eventually adjust your logic in other callbacks to account for this, and use the date of the first filled order instead.
+
+!!! Warning "Regular timeout"
+    Entry `unfilledtimeout` mechanism (as well as `check_entry_timeout()`) takes precedence over this.
+    Entry Orders that are cancelled via the above methods will not have this callback called. Be sure to update timeout values to match your expectations.
 
 ```python
 from freqtrade.persistence import Trade
@@ -741,7 +744,7 @@ class AwesomeStrategy(IStrategy):
                            entry_tag: Optional[str], side: str, **kwargs) -> float:
         """
         Entry price re-adjustment logic, returning the user desired limit price.
-        This only executes when a order was already placed, still open(unfilled fully or partially)
+        This only executes when a order was already placed, still open (unfilled fully or partially)
         and not timed out on subsequent candles after entry trigger.
 
         When not implemented by a strategy, returns current_order_rate as default.
diff --git a/freqtrade/optimize/backtesting.py b/freqtrade/optimize/backtesting.py
index aadda6dbd..86dcb1094 100755
--- a/freqtrade/optimize/backtesting.py
+++ b/freqtrade/optimize/backtesting.py
@@ -813,9 +813,6 @@ class Backtesting:
                 cost=stake_amount + trade.fee_open,
             )
             if pos_adjust and self._get_order_filled(order.price, row):
-                # Update trade open_rate on first filled order
-                # this is for cases where adjust_entry_order might have replaced the
-                # initial order from trade opening
                 order.close_bt_order(current_time, trade)
             else:
                 trade.open_order_id = str(self.order_id_counter)
diff --git a/freqtrade/strategy/interface.py b/freqtrade/strategy/interface.py
index 367097d71..26efd74a9 100644
--- a/freqtrade/strategy/interface.py
+++ b/freqtrade/strategy/interface.py
@@ -476,7 +476,7 @@ class IStrategy(ABC, HyperStrategyMixin):
                            entry_tag: Optional[str], side: str, **kwargs) -> float:
         """
         Entry price re-adjustment logic, returning the user desired limit price.
-        This only executes when a order was already placed, still open(unfilled fully or partially)
+        This only executes when a order was already placed, still open (unfilled fully or partially)
         and not timed out on subsequent candles after entry trigger.
 
         For full documentation please go to https://www.freqtrade.io/en/latest/strategy-callbacks/
diff --git a/freqtrade/templates/subtemplates/strategy_methods_advanced.j2 b/freqtrade/templates/subtemplates/strategy_methods_advanced.j2
index 7f9671bb1..014e97cc0 100644
--- a/freqtrade/templates/subtemplates/strategy_methods_advanced.j2
+++ b/freqtrade/templates/subtemplates/strategy_methods_advanced.j2
@@ -35,7 +35,7 @@ def adjust_entry_price(self, trade: Trade, order: Optional[Order], pair: str,
                         entry_tag: Optional[str], side: str, **kwargs) -> float:
     """
     Entry price re-adjustment logic, returning the user desired limit price.
-    This only executes when a order was already placed, still open(unfilled fully or partially)
+    This only executes when a order was already placed, still open (unfilled fully or partially)
     and not timed out on subsequent candles after entry trigger.
 
     For full documentation please go to https://www.freqtrade.io/en/latest/strategy-callbacks/