The radiation stress of water surface waves plays an important role in many aspects of marine hydrodynamics. The nonlinear effects of highly nonlinear waves on the radiation stress were investigated on a flat bottom under finite water depth and deep water conditions. Analytical solutions for radiation stress were derived based on different order nonlinear Stokes wave theory, respectively. The results indicate that the nonlinear radiation stresses are significantly greater than those based on the linear wave, and they increase as the nonlinearity strengthens. Through an inter-comparison of the expressions of nonlinear radiation stress of various orders of Stokes waves, it turned out that the results based on the second-order Stokes wave overestimated the radiation stress, while the expressions based on Fenton's fifth-order Stokes wave were more reasonable in reflecting the nonlinear effect of waves. In the case of extreme wave steepness, the fifth-order Stokes wave radiation stresses Sxx5 was approximately 17% larger than that of the linear wave. Finally, using the expressions of the fifth-order Stokes wave radiation stress, bound infragravity waves excited by the bichromatic wave groups formed by the superposition of two fifth-order Stokes waves were obtained.