The invention discloses a self-compensating servo wiring device for a water tank type wire drawing machine, which comprises a tension testing unit, a wire distributing device and a wire collecting device, wherein the tension testing unit consists a first wire roller, a second wire roller, a tensioning wire roller, an angular displacement sensor, a tension rod and a guide groove; the wire distributing device consists a third wire roller, a synchronous belt, a fourth wire guide roller, a screw nut, a ball screw, a coupler, a wiring servo motor, a fifth wire roller, a wiring base and an end cover; and the wire collecting device consists of a spool and a wire collecting servo motor. The device adopts the tensioning wire roller for testing the tension of a metal wire, has a simple structure and has a metal wire breakage alarming function for giving an alarm in time incase of breakage of the metal wire.