diff --git a/freqtrade/data/btanalysis.py b/freqtrade/data/btanalysis.py
index 57eec6eea..16926923b 100644
--- a/freqtrade/data/btanalysis.py
+++ b/freqtrade/data/btanalysis.py
@@ -100,6 +100,9 @@ def get_latest_hyperopt_file(directory: Union[Path, str], predef_filename: str =
     if isinstance(directory, str):
         directory = Path(directory)
     if predef_filename:
+        if Path(predef_filename).is_absolute():
+            raise OperationalException(
+                "--hyperopt-filename expects only the filename, not an absolute path.")
         return directory / predef_filename
     return directory / get_latest_hyperopt_filename(directory)
 
diff --git a/freqtrade/optimize/hyperopt_tools.py b/freqtrade/optimize/hyperopt_tools.py
index 5eac47ba0..61a10c32b 100755
--- a/freqtrade/optimize/hyperopt_tools.py
+++ b/freqtrade/optimize/hyperopt_tools.py
@@ -137,6 +137,7 @@ class HyperoptTools():
         }
         if not HyperoptTools._test_hyperopt_results_exist(results_file):
             # No file found.
+            logger.warning(f"Hyperopt file {results_file} not found.")
             return [], 0
 
         epochs = []
diff --git a/tests/data/test_btanalysis.py b/tests/data/test_btanalysis.py
index eed3532f8..341645854 100644
--- a/tests/data/test_btanalysis.py
+++ b/tests/data/test_btanalysis.py
@@ -51,6 +51,12 @@ def test_get_latest_hyperopt_file(testdatadir):
     res = get_latest_hyperopt_file(str(testdatadir.parent))
     assert res == testdatadir.parent / "hyperopt_results.pickle"
 
+    # Test with absolute path
+    with pytest.raises(
+        OperationalException,
+            match="--hyperopt-filename expects only the filename, not an absolute path."):
+        get_latest_hyperopt_file(str(testdatadir.parent), str(testdatadir.parent))
+
 
 def test_load_backtest_metadata(mocker, testdatadir):
     res = load_backtest_metadata(testdatadir / 'nonexistant.file.json')
diff --git a/tests/optimize/test_hyperopt_tools.py b/tests/optimize/test_hyperopt_tools.py
index d9a52db39..6cc0caf40 100644
--- a/tests/optimize/test_hyperopt_tools.py
+++ b/tests/optimize/test_hyperopt_tools.py
@@ -10,7 +10,7 @@ import rapidjson
 from freqtrade.constants import FTHYPT_FILEVERSION
 from freqtrade.exceptions import OperationalException
 from freqtrade.optimize.hyperopt_tools import HyperoptTools, hyperopt_serializer
-from tests.conftest import log_has
+from tests.conftest import log_has, log_has_re
 
 
 # Functions for recurrent object patching
@@ -24,6 +24,7 @@ def test_save_results_saves_epochs(hyperopt, tmpdir, caplog) -> None:
     hyperopt.results_file = Path(tmpdir / 'ut_results.fthypt')
 
     hyperopt_epochs = HyperoptTools.load_filtered_results(hyperopt.results_file, {})
+    assert log_has_re("Hyperopt file .* not found.", caplog)
     assert hyperopt_epochs == ([], 0)
 
     # Test writing to temp dir and reading again