The invention provides a system for automatically draining water on a slide slope and a method therefor. The system comprises an energy storing device, a triggering device and a drainage device, wherein the energy storing device comprises a water storage tank, an energy storage tank, a water outlet pipe, a water stopping plug and the like; the triggering device comprises a suspension cylinder, a rigid suspension cylinder rod, a guide cylinder, an elastic connecting rope, a guide rod, a floating ball, a rigid pressing rod and the like; and the drainage device comprises a water pumping pipe, a drainage pipe and the like. The system is placed at the upper portion of a converging hole of a step of the side slope, when a water level in the converging hole reaches a designed automatic drainage starting water level, the triggering device is started, the water stopping plug is opened, water stored in the energy storage tank flows into the drainage pipe, and when the drainage pipe is filled with the stored water and the water stopping plug is closed, a siphonage phenomenon appears in the system, and accumulated water in the converging hole is discharged to the lower portion of the side slope through the water pumping pipe and the drainage pipe. According to the system, the structure is simple, energy sources such as electric energy, solar energy and wind energy are not required, the system is provided with no precise component or quick-wear part, good adaptability for drainage of various side slopes in the wild is achieved, drainage construction is achieved, the management is simple, the cost is low, and the drainage effect is good.