Magnetostrictive materials are widely used in sensors, actuators and micro-nano electronics because of their excellent performance. However, traditional rigid magnetostrictive materials are difficult to adapt to the flexible and deformable structure of flexible electronic devices. In order to solve the deformation, sensing and control problems in the field of flexible electronics, a one-step new method of is proposed to deposit Fe50Co50 fiber ribbons with reciprocated and loop structures on flexible substrate. Helmholtz coil is designed to test the magnetostrictive positive effect ability of Fe50Co50 ribbon, and its magnetostrictive strain curve is analyzed. Furthermore, frequency domain characteristics of Fe50Co50 ribbon are tested, and the influence of externally driving magnetic field on elastic layer materials and resonance output characteristics is analyzed. The experimental results show that Fe50Co50 ribbon exhibits good low-frequency magnetic field characteristics. And free end displacement of Fe50Co50 ribbon based on loop structure, under 12 mT alternating magnetic field and 134 mT bias magnetic field, reaches a peak-to-peak value of 870 μm for first-order resonance, and 320 μm for second-order resonance. This verifies that Fe50Co50 ribbon possesses the expected properties that magnetostrictive materials should have, and innovatively breaks through the technical bottleneck of manufacturing flexible micro-nano magnetostrictive energy exchange components.