You can’t record cake effects when tracking. Just about every soft fix comes post recording, ie., you only add effects to the clean recording. You’ll need to record thru external hardware, an analog channel strip or something similar. Capture the sound you require going in.
as to settings, that is totally source song dependent. Tempo should determine the time settings on compressors to reinforce or pulse to the tempo. eq is dependent on upon finding the tracks’ most important frequencies and the relationship between other track’s defining frequencies. You’re best option is to try different presets and work from those.