The invention discloses an externally used traditional Chinese medicine (TCM) preparation for treating fractures. The preparation is prepared from 10-20 parts of musk, 10-20 parts of clove, 5-15 parts of rhizoma polygonati, 5-15 parts of fructus phyllanthi, 5-15 parts of fructus citri sarcodactylis, 3-9 parts of barbary wolfberry fruit, 3-9 parts of malt, 3-9 parts of kelp, 3-9 parts of grosvenor momordica fruit, 3-9 parts of flos sophorae, 3-7 parts of fructus amomi, 3-7 parts of sterculia lychnophorae, 3-7 parts of honeysuckle, 3-7 parts of Chinese olive, 3-7 parts of Chinese yam, 1-5 parts of cichorium intybus, 1-5 parts of radish seed, 1-5 parts of Indian bread, 1-5 parts of citron, 1-5 parts of semen cassiae, 1-5 parts of lilium brownii, 1-5 parts of Chinese mosla herb, 1-5 parts of mulberry, 1-5 parts of citrus reticulata, 1-5 parts of perila seeds, 1000 parts of ethanol with mass concentration of 3-7% and 100 parts of acetic acid with mass concentration of 1-3% by weight through the steps of soaking, decocting, standing, heating concentrating and the like. The preparation has the beneficial effects of definite curative effects on fractures, quickness in effect taking, no side effects and convenience in use.