The invention relates to a method for preparing a platinum group metal alloy coating on the surface of a refractory metal material; and in the coating, iridium or platinum are main components, zirconium, hafnium, tantalum, niobium and aluminium are alloying elements, and oxides of the alloying elements are enhancing components. The preparation method of the coating comprises the following steps of: taking a number of platinum group metal wires and alloying metal wires, and leading the platinum group metal wires and alloying metal wires to pass through aluminium oxide ceramics and be fixed, thereby forming an alloying target; and placing the target and a workpiece in a vacuum chamber, wherein one end of the target faces towards the workpiece, the other end of the target is connected with a power source, the platinum group metal wires are connected with a group of power sources in parallel, and the alloying metal wires can be connected with two to five groups of power sources according to the distributional design. The alloy coating is deposited in a vacuum furnace by adopting a double-glow plasma method; in the deposition process, the electricity of a part of the alloying elements can be cut off, the electricity can be supplied again after the electricity is cut off, and after the electricity is cut off, the connected alloying wires are in the non-working state and do not sputter alloying atoms or ions, and therefore, the content of the alloying elements in the coating can be adjusted.