Start with no EQ at all, unless the EQ has been set previously to accomodate peaks and valleys in the frequency response of specific speakers and their surroundings.
A professional carpenter does not use a tool just because it's in the tool chest. If there is a problem that needs fixing, he will go to the tool chest and get the correct tool for the job and then judiciously make changes.
An Equalizer of any kind should (in my opinion) NEVER be messed with unless the user knows exactly what to change in order to make things sound better.... not worse or different... but better, and more pleasing to the ear... that is the goal.
If you can not instantly recognize a pitch by it's frequency,... and most people can't, it is highly unlikely that messing with the EQ will yield a better sound. If you have a nasty ring in a monitor speaker or mains or whatever, if you know that the ring is... let's say 1.6 Khz, then you can immediately go to the parametric or graphic EQ and then cut that exact frequency to eliminate the unwanted bad sound.
I highly suggest purchasing the AUDIO TOOLS app, it will show you the exact frequency of the ring and then you can fix it like a pro.
You will not regret purchasing this app.
In this video, I demonstrate how easy it is to get things sounding better, quickly. Sometimes, if I have to be quiet, I imitate the pitch of the feedback in a lower or higher octave depending on the pitch of the feedback, and then simply multiply or divide the pitch so that I adjust the correct frequency.
Example, if the frequency is let's say,,, 460 Hz., I could not sing that note into the iPad's microphone very softly, so I would sing it and octave lower, then of course it will show up on the Audio Tools app as 230, but I know it is actually 460 Hz. Did that make any sense?
One octave above 230 Hz. is 460, an octave below 230 is 115 Hz,. get it