diff --git a/freqtrade/optimize/backtesting.py b/freqtrade/optimize/backtesting.py
index eefbd4e04..51122cfb2 100644
--- a/freqtrade/optimize/backtesting.py
+++ b/freqtrade/optimize/backtesting.py
@@ -445,7 +445,7 @@ class Backtesting(object):
             optimize.validate_backtest_data(data, min_date, max_date,
                                             timeframe_to_minutes(self.ticker_interval))
             logger.info(
-                'Measuring data from %s up to %s (%s days)..',
+                'Backtesting with data from %s up to %s (%s days)..',
                 min_date.isoformat(),
                 max_date.isoformat(),
                 (max_date - min_date).days
diff --git a/freqtrade/optimize/hyperopt.py b/freqtrade/optimize/hyperopt.py
index 252b76252..92589aed2 100644
--- a/freqtrade/optimize/hyperopt.py
+++ b/freqtrade/optimize/hyperopt.py
@@ -24,7 +24,8 @@ from freqtrade import DependencyException
 from freqtrade.arguments import Arguments
 from freqtrade.configuration import Configuration
 from freqtrade.data.history import load_data
-from freqtrade.optimize import get_timeframe
+from freqtrade.exchange import timeframe_to_minutes
+from freqtrade.optimize import get_timeframe, validate_backtest_data
 from freqtrade.optimize.backtesting import Backtesting
 from freqtrade.state import RunMode
 from freqtrade.resolvers import HyperOptResolver
@@ -282,9 +283,25 @@ class Hyperopt(Backtesting):
             timerange=timerange
         )
 
+        if not data:
+            logger.critical("No data found. Terminating.")
+            return
+
+        min_date, max_date = get_timeframe(data)
+        # Validate dataframe for missing values (mainly at start and end, as fillup is called)
+        validate_backtest_data(data, min_date, max_date,
+                               timeframe_to_minutes(self.ticker_interval))
+        logger.info(
+            'Hyperopting with data from %s up to %s (%s days)..',
+            min_date.isoformat(),
+            max_date.isoformat(),
+            (max_date - min_date).days
+        )
+
         if self.has_space('buy') or self.has_space('sell'):
             self.strategy.advise_indicators = \
                 self.custom_hyperopt.populate_indicators  # type: ignore
+
         dump(self.strategy.tickerdata_to_dataframe(data), TICKERDATA_PICKLE)
 
         # We don't need exchange instance anymore while running hyperopt
diff --git a/freqtrade/tests/optimize/test_backtesting.py b/freqtrade/tests/optimize/test_backtesting.py
index 02f8840e2..6a39deed4 100644
--- a/freqtrade/tests/optimize/test_backtesting.py
+++ b/freqtrade/tests/optimize/test_backtesting.py
@@ -495,7 +495,7 @@ def test_backtesting_start(default_conf, mocker, caplog) -> None:
         'Using local backtesting data (using whitelist in given config) ...',
         'Using stake_currency: BTC ...',
         'Using stake_amount: 0.001 ...',
-        'Measuring data from 2017-11-14T21:17:00+00:00 '
+        'Backtesting with data from 2017-11-14T21:17:00+00:00 '
         'up to 2017-11-14T22:59:00+00:00 (0 days)..'
     ]
     for line in exists:
@@ -858,7 +858,8 @@ def test_backtest_start_live(default_conf, mocker, caplog):
         'Using stake_currency: BTC ...',
         'Using stake_amount: 0.001 ...',
         'Downloading data for all pairs in whitelist ...',
-        'Measuring data from 2017-11-14T19:31:00+00:00 up to 2017-11-14T22:58:00+00:00 (0 days)..',
+        'Backtesting with data from 2017-11-14T19:31:00+00:00 '
+        'up to 2017-11-14T22:58:00+00:00 (0 days)..',
         'Parameter --enable-position-stacking detected ...'
     ]
 
@@ -916,7 +917,8 @@ def test_backtest_start_multi_strat(default_conf, mocker, caplog):
         'Using stake_currency: BTC ...',
         'Using stake_amount: 0.001 ...',
         'Downloading data for all pairs in whitelist ...',
-        'Measuring data from 2017-11-14T19:31:00+00:00 up to 2017-11-14T22:58:00+00:00 (0 days)..',
+        'Backtesting with data from 2017-11-14T19:31:00+00:00 '
+        'up to 2017-11-14T22:58:00+00:00 (0 days)..',
         'Parameter --enable-position-stacking detected ...',
         'Running backtesting for Strategy DefaultStrategy',
         'Running backtesting for Strategy TestStrategy',
diff --git a/freqtrade/tests/optimize/test_hyperopt.py b/freqtrade/tests/optimize/test_hyperopt.py
index 86c5f2a34..f50f58e5b 100644
--- a/freqtrade/tests/optimize/test_hyperopt.py
+++ b/freqtrade/tests/optimize/test_hyperopt.py
@@ -195,6 +195,33 @@ def test_start(mocker, default_conf, caplog) -> None:
     assert start_mock.call_count == 1
 
 
+def test_start_no_data(mocker, default_conf, caplog) -> None:
+    mocker.patch(
+        'freqtrade.configuration.Configuration._load_config_file',
+        lambda *args, **kwargs: default_conf
+    )
+    mocker.patch('freqtrade.optimize.hyperopt.load_data', MagicMock(return_value={}))
+    mocker.patch(
+        'freqtrade.optimize.hyperopt.get_timeframe',
+        MagicMock(return_value=(datetime(2017, 12, 10), datetime(2017, 12, 13)))
+    )
+
+    patch_exchange(mocker)
+
+    args = [
+        '--config', 'config.json',
+        'hyperopt',
+        '--epochs', '5'
+    ]
+    args = get_args(args)
+    start(args)
+
+    import pprint
+    pprint.pprint(caplog.record_tuples)
+
+    assert log_has('No data found. Terminating.', caplog.record_tuples)
+
+
 def test_start_failure(mocker, default_conf, caplog) -> None:
     start_mock = MagicMock()
     mocker.patch(
@@ -310,6 +337,11 @@ def test_roi_table_generation(hyperopt) -> None:
 def test_start_calls_optimizer(mocker, default_conf, caplog) -> None:
     dumper = mocker.patch('freqtrade.optimize.hyperopt.dump', MagicMock())
     mocker.patch('freqtrade.optimize.hyperopt.load_data', MagicMock())
+    mocker.patch(
+        'freqtrade.optimize.hyperopt.get_timeframe',
+        MagicMock(return_value=(datetime(2017, 12, 10), datetime(2017, 12, 13)))
+    )
+
     parallel = mocker.patch(
         'freqtrade.optimize.hyperopt.Hyperopt.run_optimizer_parallel',
         MagicMock(return_value=[{'loss': 1, 'result': 'foo result', 'params': {}}])