Error 702. Missing short/cover variable assignments.

The formula that you are trying to backtest does not contain proper Short and Cover rules. Short and Short rules should be written as assignments as shown below:

Short = Cross( MA( Close, 50 ), Close ) );
Cover = Cross( Close, MA( Close, 50 ) );

If you do not want to test the short side, please go to the Settings and select Long from Positions combo-box. This will allow you to test long side only.

For more details see Tutorial: Backtesting your trading ideas