Well done, and well set out! 
I fully endorse your points 1, 3, 4, 5 and 7 above (and some of point 6), and will therefore limit my comments to the other few parts.
How? They don’t have set “stages”.
Generally, don’t imagine they’re all structured the same way; specifically, don’t fall into the very widespread trap of imagining that a trend in what looks like “an early stage” is more likely to continue while one in what looks like “a late stage” is more likely to end.
This is a very common and big mistake, important to avoid.
Definitely right!
Another very common and big mistake, important to avoid.
Two big issues, here.
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I strongly advise you against using an automated trailing stop, for the reasons explained HERE (read that post really carefully - it will help you!).
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I strongly advise you against ever measuring SL-distances in terms of “pips”. The best way is “by price action/SR” (I.e. just above/below swings-high/low). The second-best way is “by volatility (e.g. ATR-multiple). A “number of pips” is a very bad way, and of course that’s one of the many reasons not to use an automated trailing stop.
I don’t understand this point. You’re trading from a 1-hour chart but closing at EOD? What will your average trade-duration be? During how many/few hours of the day will you actually be able to open positions?