A system and method is provided for monitoring a hydraulic power system having at least one light emitter and a button. The method includes powering on the hydraulic power system, receiving an actuation at the button and detecting a release of the button after a first time interval, and entering a diagnostic state. The method further includes retrieving a code and displaying the code by turning on the emitter in a first pattern. In some embodiments, a system and method is provided for regulating a temperature of a hydraulic power system. In some embodiments, a system and method is provided for controlling operation of a hydraulic torque wrench.