The invention relates to the technical field of water-based acrylic acid waterproof emulsion preparation, in particular to transparent waterproof emulsion for an outer wall and a preparation method thereof, and the transparent waterproof emulsion comprises water, butyl acrylate, styrene, a cross-linking monomer, 2-ethylhexyl acrylate, a cross-linking assistant, an oxidizing agent, a reducing agent, a pH regulator, a defoaming agent, a preservative, an initiator, an emulsifier, a stabilizer and a special assistant. According to the transparent waterproof emulsion for the outer wall, the acrylic emulsion has strong ultraviolet resistance, and can improve the yellowing phenomenon of a coating film; the proper glass transition temperature can prevent the waterproof coating film from sticking dust and blackening in summer; the transparent waterproof emulsion has good film compactness, water resistance and water resistance recovery, has waterproof and breathable performance, and can avoid the phenomena that the waterproof film is whitened after being exposed to rain and the film is bulged and falls off after a period of time.