diff --git a/freqtrade/rpc/api_server/api_v1.py b/freqtrade/rpc/api_server/api_v1.py
index 0081871f0..6d7dc8bb5 100644
--- a/freqtrade/rpc/api_server/api_v1.py
+++ b/freqtrade/rpc/api_server/api_v1.py
@@ -200,9 +200,10 @@ def status(rpc: RPC = Depends(get_rpc)):
 def trades(
     limit: int = Query(500, ge=1, description="Maximum number of different trades to return data"),
     offset: int = Query(0, ge=0, description="Number of trades to skip for pagination"),
+    order_by_id: bool = Query(True, description="Sort trades by id (default: True). If False, sorts by latest timestamp"),
     rpc: RPC = Depends(get_rpc),
 ):
-    return rpc._rpc_trade_history(limit, offset=offset, order_by_id=True)
+    return rpc._rpc_trade_history(limit, offset=offset, order_by_id=order_by_id)
 
 
 @router.get("/trade/{tradeid}", response_model=OpenTradeSchema, tags=["info", "trading"])
diff --git a/ft_client/freqtrade_client/ft_rest_client.py b/ft_client/freqtrade_client/ft_rest_client.py
index 5e15bc185..c3be342f5 100755
--- a/ft_client/freqtrade_client/ft_rest_client.py
+++ b/ft_client/freqtrade_client/ft_rest_client.py
@@ -255,11 +255,12 @@ class FtRestClient:
         """
         return self._get("logs", params={"limit": limit} if limit else {})
 
-    def trades(self, limit=None, offset=None):
-        """Return trades history, sorted by id
+    def trades(self, limit=None, offset=None, order_by_id=True):
+        """Return trades history, sorted by id (or by latest timestamp if order_by_id=False)
 
         :param limit: Limits trades to the X last trades. Max 500 trades.
         :param offset: Offset by this amount of trades.
+        :param order_by_id: Sort trades by id (default: True). If False, sorts by latest timestamp.
         :return: json object
         """
         params = {}
@@ -267,6 +268,8 @@ class FtRestClient:
             params["limit"] = limit
         if offset:
             params["offset"] = offset
+        if order_by_id:
+            params["order_by_id"] = True
         return self._get("trades", params)
 
     def list_open_trades_custom_data(self, key=None, limit=100, offset=0):