The presence of solid particles in the flow of hypersonic wind tunnels damages the appearance of the experiment models in the wind tunnel and influences the accuracy of experimental results. The design of a highly efficient gas–solid separator was therefore undertaken. Particle trajectory imaging methods were used to measure trajectories under different conditions. The flow field and particle movement characteristics for different head angles (HAs) and separation tooth angles (STAs), inlet velocities, and the exhaust gas outlet pressures in the separator, were calculated using simulations based on the discrete phase model. The particle separation efficiency, pressure loss, and flow loss resulting from different structural parameters were also studied. In line with experimental observations, the characteristic angle of particle movements in the separator and the separation efficiency of the separator were found to increase with decreasing HA and with increasing STA. Separation efficiency improves with increasing inlet velocity and with increasing negative pressure of the exhaust gas outlet; however, the corresponding pressure loss and the flow rate of the waste gas also increased.