That is certainly your formula, but not God's.
Eternal life is A GIFT my friend. Check out that word "GIFT".
Why do you leave out obedience? Every true believer of Christ will be obedient to his master. It's well included in the packaging of salvation. Eternal life is certainly a gift and it's precious and obedience is the key to remain in faith. If you aren't obedient then you haven't believed Jesus Christ in the first place. What was the last commandment of Jesus Christ to make disciples every where and that's certainly Grace + Faith + Obedience and not just Grace + Faith.
"Lord" means ruler, master, one who exercises authority. So to "accept Him as Lord" means to obey His rules and submit to his authority.
When a person claims that one must accept Jesus as Lord to be saved but does not have to obey Jesus to be saved, he contradicts himself and He contradicts Jesus. It is like claiming you are lying in bed and running an Olympic marathon at the same time. One cannot run a marathon lying in bed, and one cannot accept Jesus as Lord without obeying Him.
[Matt. 28:18-20; Luke 12:47; 17:9; 1 Cor. 7:19; Col. 3:23; Heb. 13:20; John 8:31]
To accept Jesus as Savior, you must come to Him to receive the forgiveness of sins. But if He is the Savior, then you must come on His terms. He is the one who determines
whom He will save and what has to happen in your life for Him to save you. What does He say about this?
Hebrews 5:9 - He is author (source) of salvation to all that
obey Him. To accept His salvation, you must obey. If you believe obedience is not necessary, then you have not accepted the Savior according to the terms He requires in Scripture.
Romans 6:17,18 - To be made free from sin and become servants of righteousness, people in sin must
obey the teaching delivered.
When were people made free from sin? When they
obeyed the teaching. That's what the Savior says. Do you accept Him as Savior? Then you must accept what He says about the conditions of salvation.
1 Peter 1:22,23 - You purify your soul and are born again by
obeying the truth. When people claim that obedience is unnecessary, they often emphasize being "born again." But how is a person "born again"? By
obeying the truth, the Word of God. The Bible doctrine of the new birth
requires obedience. [Rom. 6:3,4; Gal. 3:27; 2 Cor. 5:17]