The development digital hydraulics demands higher performance on high-speed on/off valves. In order to fully exploit the energy saving advantages of digital hydraulics, advanced high-speed valves are expected to possess a fast response and a large nominal flow rate simultaneously. Energy-coupled-actuator (ECA) utilizes the shear working mode of magnetic rheological fluid to achieve reciprocating motion of the valve spool through the coupling/decoupling of a pair of disks and a translational piece and its driving force is not affected by the valve spool’s position. The reported advantages of ECA meets the design requirements of actuators for high-speed on/off valve. This study gives the detailed design proposal of high-speed valve based on ECA (ECAV). The work also established a multi-physics coupled model for ECAV, calculated the key parameters of the valve driving system, and predicted the switching performance of ECAV. Finally, a prototype of ECAV with updated sealing solution between the actuator and valve block was fabricated and experimental tested. The results indicate that for current ECAV prototype successfully established 40 l min−1@5 bar (1.5 mm stroke) using response time less than 7 ms. Moreover, the prototype only consumed 14 ms to reach a long stroke of 5 mm with a significantly increased ratio of stroke over response time.