set-and-forget

Definitions

1. 1

   Of a device setting, a strategy, etc.

   Of a device setting, a strategy, etc.: configured a certain way and then left without further attention.

   • If you're using a set-and-forget compass, draw a big sigh of relief at this point. You can forget about adding and subtracting angles once you've set the declination and double-checked that you set it in the right direction.
   • The set-and-forget trader is playing fundamental direction and is seeking very large moves of 150 to 300 pips. This trader doesn't want to sit and watch the screen but play the longer moves and forces behind forex.

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