At present, hydraulic transmission loaders have high automatic adaptability and convenient operation, but their transmission efficiency is low, and the intelligent degree of energy consumption regulation is limited. Strengthening the research of locking device in torque converter is an important measure to effectively reduce energy consumption. Therefore, the research uses MATLAB software and torque converter parameters to build the external characteristic curves of the engine and torque converter, and builds the dynamic model based on the working principle and locking process of the lockup clutch. The research and experimental analysis are carried out from three aspects of the lockup dynamic process of the torque converter, the lock‐up and unlocking conditions, and the change of the lockup oil pressure of the clutch. The results show that the speed difference range between pump wheel and turbine (233.08–365.44 rpm) is much lower than that of other cases (409.68–616.23 rpm) when the engine and torque converter are matched. And the fuel rate is the highest when the throttle opening of the loader is 70%, about 38%. The above results show that the locking structure of the hydraulic torque converter of the loader can effectively reduce the working vibration and improve the service life and fuel rate. And its energy‐saving application effect has an important enlightening effect on the performance optimization and resource utilization of construction machinery, and provides new ideas for improvement.