Considering the difficult of acquiring and transmission the signal from the moving equipment, a new fault diagnosis monitoring system is presented. The system acquires the state signal from the moving equipment by data acquisition module that based in W77E58 high-speed SCM, and transmits the data fast by wireless mode. The signal data can be use for fault diagnosis and precise analysis. The system has the ability for acquiring abundance of data with a high speed, the ability for high accuracy data conversion, and has a function of programme controlling gain and programme controlling low-pass filtering. The successful application of this system on the vibration monitor about the material-transporting bogie in an iron works of a domestic steel enterprise proves the stability and credibility about the design project, also testifies its practical value and versatility.