diff --git a/freqtrade/persistence/trade_model.py b/freqtrade/persistence/trade_model.py
index fbd8b10ce..8eebc706e 100644
--- a/freqtrade/persistence/trade_model.py
+++ b/freqtrade/persistence/trade_model.py
@@ -542,8 +542,6 @@ class LocalTrade:
     def to_json(self, minified: bool = False) -> Dict[str, Any]:
         filled_or_open_orders = self.select_filled_or_open_orders()
         orders_json = [order.to_json(self.entry_side, minified) for order in filled_or_open_orders]
-        open_orders = self.select_open_orders()
-        open_orders_json = [order.to_json(self.entry_side, minified) for order in open_orders]
 
         return {
             'trade_id': self.id,
@@ -623,7 +621,7 @@ class LocalTrade:
             'price_precision': self.price_precision,
             'precision_mode': self.precision_mode,
             'orders': orders_json,
-            'open_orders': open_orders_json
+            'has_open_orders': self.has_open_orders,
         }
 
     @staticmethod
@@ -1128,16 +1126,6 @@ class LocalTrade:
                 or (o.ft_is_open is True and o.status is not None)
                 ]
 
-    def select_open_orders(self) -> List['Order']:
-        """
-        Finds open orders
-        :param order_side: Side of the order (either 'buy', 'sell', or None)
-        :return: array of Order objects
-        """
-        return [o for o in self.orders if
-                (o.ft_is_open is True and o.status is not None)
-                ]
-
     @property
     def nr_of_successful_entries(self) -> int:
         """
diff --git a/freqtrade/rpc/api_server/api_schemas.py b/freqtrade/rpc/api_server/api_schemas.py
index 38dd92831..fb0b9299c 100644
--- a/freqtrade/rpc/api_server/api_schemas.py
+++ b/freqtrade/rpc/api_server/api_schemas.py
@@ -331,6 +331,7 @@ class OpenTradeSchema(TradeSchema):
     total_profit_abs: float
     total_profit_fiat: Optional[float] = None
     total_profit_ratio: Optional[float] = None
+    has_open_orders: bool
 
 
 class TradeResponse(BaseModel):
diff --git a/tests/persistence/test_persistence.py b/tests/persistence/test_persistence.py
index 612e04f2c..0f0057d1e 100644
--- a/tests/persistence/test_persistence.py
+++ b/tests/persistence/test_persistence.py
@@ -1446,7 +1446,7 @@ def test_to_json(fee):
         'price_precision': 7.0,
         'precision_mode': 1,
         'orders': [],
-        'open_orders': [],
+        'has_open_orders': False,
     }
 
     # Simulate dry_run entries
@@ -1532,7 +1532,7 @@ def test_to_json(fee):
         'price_precision': 8.0,
         'precision_mode': 2,
         'orders': [],
-        'open_orders': [],
+        'has_open_orders': False,
     }
 
 
diff --git a/tests/rpc/test_rpc.py b/tests/rpc/test_rpc.py
index 57489d51e..49700b7f4 100644
--- a/tests/rpc/test_rpc.py
+++ b/tests/rpc/test_rpc.py
@@ -90,6 +90,7 @@ def test_rpc_trade_status(default_conf, ticker, fee, mocker) -> None:
         'amount_precision': 8.0,
         'price_precision': 8.0,
         'precision_mode': 2,
+        'has_open_orders': False,
         'orders': [{
             'amount': 91.07468123, 'average': 1.098e-05, 'safe_price': 1.098e-05,
             'cost': 0.0009999999999054, 'filled': 91.07468123, 'ft_order_side': 'buy',
@@ -128,6 +129,7 @@ def test_rpc_trade_status(default_conf, ticker, fee, mocker) -> None:
         'profit_abs': 0.0,
         'total_profit_abs': 0.0,
         'open_orders': '(limit buy rem=91.07468123)',
+        'has_open_orders': True,
     })
     response_unfilled['orders'][0].update({
         'is_open': True,
@@ -145,7 +147,7 @@ def test_rpc_trade_status(default_conf, ticker, fee, mocker) -> None:
     results = rpc._rpc_trade_status()
     # Reuse above object, only remaining changed.
     response_unfilled['orders'][0].update({
-        'remaining': None
+        'remaining': None,
     })
     assert results[0] == response_unfilled
 
@@ -164,6 +166,7 @@ def test_rpc_trade_status(default_conf, ticker, fee, mocker) -> None:
     response.update({
         'max_stake_amount': 0.001,
         'total_profit_ratio': pytest.approx(-0.00409153),
+        'has_open_orders': False,
     })
     assert results[0] == response
 
diff --git a/tests/rpc/test_rpc_apiserver.py b/tests/rpc/test_rpc_apiserver.py
index f50490e32..97f880077 100644
--- a/tests/rpc/test_rpc_apiserver.py
+++ b/tests/rpc/test_rpc_apiserver.py
@@ -1158,6 +1158,7 @@ def test_api_status(botclient, mocker, ticker, fee, markets, is_short,
         'price_precision': None,
         'precision_mode': None,
         'orders': [ANY],
+        'has_open_orders': True,
     }
 
     mocker.patch(f'{EXMS}.get_rate',