Lazy, set and forget trader

Is it possible to be a lazy, set and forget trader?

Scenario, new trading day begin , spend 1-2 hour on 1 or 2 chart for analysis and then place pending order , set 1:1 RR TP and SL and completely forget about it, Check the result next day.

Market order and monitoring is not allowed because we are trying to be lazy, set and forget trader.

Strategies
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- Swing High/Low breakout
- Other major support/resistance breakout
- Buy/Sell limit in trending situation
- Swing high/swing low reversal (using buy/sell limit)
- Other support/resistance reversal

Any other ideas?

I look at charts once a week, when I turn off the pc.

Not sure if I'm lazy... I spent countless hours backtesting, but it was fun as hell.

I think 1:1 TP and SL ratio will blow the deposit down because the mathematical expectation is not alright.

it's possible, I believe you're referring to swing trading. That's my general approach to trading. I feel like the size of the stop losses I use are large enough to give me exposure to the markets for long enough to benefit from price movement in my favor and small enough to eventually take me out if price may actually be going against me or if my entry was bad to remove my exposure from the market. Typically, After a certain amount of pips I may lose confidence and not feel like risking any more of my capital so setting a stop loss is important because in the past I have not traded with a stop loss and have let losers run thinking that if I just hold long enough i'll be able to close at break even or whatever and they eventually turn into big losses or blow accounts and what gives me confidence is knowing that with the amount of volume I am using on this specific trade combined with the amount of pips I have set my stop loss at even if my entry is wrong or even if I may not be right I know I only risked / lost a small amount of money in comparison to my accounts overall balance and if I can continue to due that over time eventually trades will go my way and as long as I let the run and scale in...etc I should be able to set everything up and just occasionally check status updates.

If you had a good amount of experience it can be possible. You would also need to use small position if it goes against you.
Less risk to keep on going much longer. Risk/Ratio needs to be better.

I cannot say that I agree that some lazy approach can help to become successful in trading. It seems to me that this business takes those who are active and ready to work on themselves and on their results in order to achieve maximum performance. I am always confused by the fact that people are trying to find the easiest way to do less and get more. Unfortunately or fortunately this approach rarely works and you have to accept that money has to be earned, it is not good luck. And if you reason in this way, you will always be a few steps behind those who take this case seriously and independently penetrates into every nuance.

It is possible to be a set and forget trader, but your profits are gonna be much lower than someone who is managing their trades properly.

all strategies require attention, but some take less time.

There are set and forget system here in FF.
D1 Elasticity Pullback Trading is one of them and follow the candle also is another set and forget.
All you have to do is search for them, master how the systems work and 1 to 2 hours will be enough to scan the 28 pairs and place your trade.
Good luck man

Yes definitely! The challenge with this style of trading (and a RR of 1:1) is not letting a draw down affect ones confidence in the long-term profitability of the strategy.

It's easy in theory but the trader has to be OK with scenarios such as:
- a trade missing the TP by 1 pip then reversing and hitting the SL
- a trade hitting the SL by 1 pip then reversing and reaching the TP
Only very disciplined traders can ignore the impulse to start fiddling with each trade, especially while in draw down.

There is a lot of power in such detachment to the outcome of each individual trade. It takes a very zen mindset to pull it off but it is 100% doable!