In order to analyze the influence of oil film thickness on the characteristics of a hydrostatic bearing system, the initial parameters of the closed type liquid hydrostatic slide were determined. According to the force balance equation and the flow equation, mathematical models of the power loss, the static characteristics and the dynamic characteristics were established. The power loss, bearing capacity, static stiffness, natural frequency, adjusting time, dynamic stiffness can be as the indexes, the influence of the oil film thickness on the slide characteristics were analyzed quantitatively with MATLAB. The research shows that the more the oil film thickness, the larger the power loss, the longer the adjusting time, the poorer the natural frequency, the static stiffness and the dynamic stiffness, but the bearing capacity keeps constant. So the thickness of oil film can be decreased in order to decrease the power loss and to improve the static and dynamic characteristics of the slide system. The proposed research analyzes the influence of the oil film thickness on the characteristic of closed type liquid hydrostatic slide, and provides a theoretical basis for design of the oil film in practical engineering.