A system is described which allows on‐line control of uniaxial stress and magnetic field for the investigation of the magnetic properties of materials under stress. This has been of considerable importance in studies of the properties of samples of steel, in particular the investigation of ferromagnetic hysteresis and the magnetomechanical effect. As a result, exact algorithms for the demagnetization of samples and for obtaining the anhysteretic or ideal magnetization curve have been devised.