Dynamic fractures are a geological attribute of water flooding development in tight fractured oil reservoirs. However, previous studies have mainly focused on the opening mechanism of dynamic fractures and the influence of dynamic fractures on development. Few attempts have been made to investigate the optimization of the dynamic fracture parameter. In this study, the inverted square nine-spot well pattern model is established by taking fractured reservoir’s heterogeneity and its threshold pressure gradients into account. This simulation model optimizes the various parameters in a tight fractured oil reservoir with dynamic fractures, that is, the intersection angle between the dynamic fractures and the well array, the number of dynamic fractures, the penetration ratio, and the conductivity of the oil well’s hydraulic fractures. The results of this optimization are used to investigate the oil displacement mechanism of dynamic fractures and to discuss a mechanism to enhance oil recovery using an inverted square nine-spot well pattern. The simulation results indicate that a 45° intersection angle can effectively restrain the increase in the water cut. A single dynamic fracture can effectively control the displacement direction of the injected water and improve the oil displacement efficiency. Moreover, the optimal penetration ratio and the conductivity of the hydraulic fracture are 0.6 and 40 D-cm, respectively.