To obtain the melt cast booster explosive formulation with high energy and low critical detonation diameter, melt cast explosives were designed by 3,4-bis(3-nitrofurazan-4-yl)furoxan (DNTF)/2,4,6-trinitrotoluene (TNT)/glycidyl azide polymer-energetic thermoplastic elastomer (GAP-ETPE)/nano-1,3,5,7-tetranitro-1,3,5,7-tetraazacyclooctane (HMX)/Aristowax. Furthermore, the impact sensitivity, small scale gap test, rheological properties, propagation reliability, and detonation velocity were measured and analyzed. The results show that when the mass ratio of DNTF/TNT/GAP-ETPE/nano-HMX/Aristowax is 34.2/22.8/2/40/1, not only does it indicate excellent rheological property but it has a brilliant safety performance as well. Moreover, it can propagate the detonation waves successfully in the groove at 0.7 mm × 0.7 mm. When the charge density in the groove is 1.70 g·cm −3, its detonation velocity can reach 7890 m·s −1.