Monica take a look at proper formulation sites and speak to people who actually make lotions for sale and you will find that all of them use an emulsifying wax or polowax to stabilize their formulas...... Even those who make it the way you're describing end up have it become unstable and have to be shaken...... A properly formulated lotion doesn't need to shook to remain together after the first 48 hours...... It can take that long to set up properly especially if you are using a lot of non-oil liquids.
Of course I can give you many more for you to review. Your recipe doesn't have to be as complicated as the ones being used as examples, but I wanted you to see that there isn't one of them doesn't use an emulsifier of some sort, a real emulsifier that is.
Good Luck with your formulating...... you can make some first class product if you really want to