The main issue addressed in this paper involves the magnetorheological (MR) valve increasing the pressure drop by changing the internal structure, which leads to the increase of dimension sizes and the easy blocking of the internal channel. Optimizing the design of the traditional radial MR valve without changing the internal structure and whole dimension size is indispensable. Firstly, a radial MR valve with single excitation coil was proposed. The mathematical models of the field-dependent pressure drop and viscosity pressure drop in fluid flow channels were deduced, and the calculation formula of pressure drop was also established. Then, ANSYS software was used to simulate and analyze the distributions of the magnetic flux lines and magnetic flux densities of the proposed radial MR valve. Subsequently, the radial MR valve was simulated and analyzed by using the ANSYS first-order and zero-order simulation tools. In addition, the experimental test bench of the proposed MR valve was setup, the static performance of pressure drop was tested, and the change of pressure drop of the optimal radial MR valve under different loads was studied, furthermore, the response time with current of the initial and optimal radial MR valve were also investigated. Finally, the dynamic performances of the optimal radial MR valve controlled cylinder system under different currents, frequencies and amplitudes were tested, respectively. The experimental results indicate that the total pressure drop of the initial valve is 1.842 MPa when the applied current is 1.8 A, and the total pressure drop of the optimal valve is 2.58 MPa, the increase is 40.07%. Meanwhile, the maximum damping force of the optimal radial MR valve controlled cylinder system can reach about 3.6 kN at the current of 1.25 A, which shows a better optimization effect of the optimal radial MR valve.