diff --git a/freqtrade/data/btanalysis.py b/freqtrade/data/btanalysis.py
index 9407a3139..799f15011 100644
--- a/freqtrade/data/btanalysis.py
+++ b/freqtrade/data/btanalysis.py
@@ -198,7 +198,7 @@ def calculate_max_drawdown(trades: pd.DataFrame) -> Tuple[float, pd.Timestamp, p
     :raise: ValueError if trade-dataframe was found empty.
     """
     if len(trades) == 0:
-        raise ValueError("Trade dataframe empty")
+        raise ValueError("Trade dataframe empty.")
     profit_results = trades.sort_values('close_time')
     max_drawdown_df = pd.DataFrame()
     max_drawdown_df['cumulative'] = profit_results['profitperc'].cumsum()
diff --git a/tests/data/test_btanalysis.py b/tests/data/test_btanalysis.py
index 60d9c3ea5..7e3c1f077 100644
--- a/tests/data/test_btanalysis.py
+++ b/tests/data/test_btanalysis.py
@@ -2,15 +2,17 @@ from unittest.mock import MagicMock
 
 import pytest
 from arrow import Arrow
-from pandas import DataFrame, DateOffset, to_datetime
+from pandas import DataFrame, DateOffset, to_datetime, Timestamp
 
 from freqtrade.configuration import TimeRange
 from freqtrade.data.btanalysis import (BT_DATA_COLUMNS,
+                                       analyze_trade_parallelism,
+                                       calculate_max_drawdown,
                                        combine_tickers_with_mean,
                                        create_cum_profit,
                                        extract_trades_of_period,
                                        load_backtest_data, load_trades,
-                                       load_trades_from_db, analyze_trade_parallelism)
+                                       load_trades_from_db)
 from freqtrade.data.history import load_data, load_pair_history
 from tests.test_persistence import create_mock_trades
 
@@ -163,3 +165,17 @@ def test_create_cum_profit1(testdatadir):
     assert "cum_profits" in cum_profits.columns
     assert cum_profits.iloc[0]['cum_profits'] == 0
     assert cum_profits.iloc[-1]['cum_profits'] == 0.0798005
+
+
+def test_calculate_max_drawdown(testdatadir):
+    filename = testdatadir / "backtest-result_test.json"
+    bt_data = load_backtest_data(filename)
+    drawdown, h, low = calculate_max_drawdown(bt_data)
+    assert isinstance(drawdown, float)
+    assert pytest.approx(drawdown) == 0.21142322
+    assert isinstance(h, Timestamp)
+    assert isinstance(low, Timestamp)
+    assert h == Timestamp('2018-01-24 14:25:00', tz='UTC')
+    assert low == Timestamp('2018-01-30 04:45:00', tz='UTC')
+    with pytest.raises(ValueError, match='Trade dataframe empty.'):
+        drawdown, h, low = calculate_max_drawdown(DataFrame())