Trading like a Simple-Minded Gambler

My guess is that a large number of us do not engage in vigorous testing of our trading methods i.e. running complex statistical models, etc. I belong to that camp. I treat fx trading like speculation, and try to improve my returns over time. I was inspired by the simplicity of tkimble's strategies and if I dare to say, that I share certain similarities with his trading mindset.

This discussion is not about complicated methods of charting, but one that uses basic math to try to increase the account balance.

Here's my thought process and requirements:

1. Fixed time - I have a full time job, reluctant to say that it's a day job since I end work frequently way past dinner time. So I should be trading not very frequently, maybe once a day at a specific time?
2. Minimum R:R - Not good at timing the market. So I try to increase my reward:risk. minimum 2:1, preferably more.
3. Simplicity - No complex indicators, just the very basic ones.
4. High(er) Returns - Speculation =/= investing. I definitely want returns that are way above 3-5% per annum. Add a zero behind please.
5. Volatility (optional) - The majors do not move quickly enough for me to profit (hopefully not lose) frequently. Unless you can convince me otherwise.

The 2 largest issues that I am facing are points 1 & 2

1. I'm on a fixed r:r that does not give me the possibility to enjoy higher returns without sacrificing accuracy (& hence profitability) significantly. I'm biased towards more consistent wins, but history has proven time and again that the biggest winners are the multi-baggers.
2. Profitability is heavily affected by timing of entry, which is restricted by a consistent specific time. How can I reduce this dependency?

I welcome discussions that build upon the above premise.

Since I have little time, I've looked to daily, but even though trades will be missed, I believe I will still get more on the 4h which I'm trading now. It seems time frames that high are not so time dependent.? Often a set up on 4h can be caught if seen within a few bars. Same with managing them. I check in with an app while working as well when I get a minute. I also use 2:1 now but I don't see a problem letting trades run.

Greetings... I treat FX as gambling too with some simple calculation. I set my Risk:Reward 1:3 and I pull out a daily chart to look for the trend and set my orders on it. I trade GJ as its has more volatility.

trade the pairs that have the most movement during your "trading time" of the day. If you are unsure what that is, find a world clock chart for forex that shows which parts of the world is awake and trading during your hours.

minimum R:R is hard to say if you dont have a specific strategy. Instead of forcibly applying a random ratio, you should focus on taking what the market gives you, although you could estimate. This average ratio you can aim for would be obtained through statistical data i.e. you doing a bunch of trades that you can categorize and quantify.

I've been able to comfortably take profits using my current r:r ratio with some study into different pairs. As my strategy is a trend-following one, being able to ride the trend for as long as possible is imperative to build up my account balance. And as of now I've yet to be able to fully capitalize on it. IMO this is what differentiates the pros from the mediocre, no offense intended to anyone. It's the occasional baggers that drives the equity curve up. Any suggestions?

Sounds good. GJ was quiet for the first 3/4 of 2014 but lately volatility has been picking up. You can look into other pairs with greater volatility, provided you are aware of the pairs' characteristics.