Amazing! I guess I will probably switch to the PS4 version too. Do you still get any online matches nowadays on steam though?
Cool, makes sense. It's been a while since I touched the steam version online, but when I did played it was less consistent getting matches due to the lack of a lobby system despite the steam version having better matches in connection without delays. I haven't checked the steam these recent days but it's safe to assume that it's a lot less players now due to content ending soon. If anything, most of the players just end up modding the game on PC and it'll be the last DOA game on PC (probably.)
Note to add, the search/create match settings can vary with what you want to find. Example, there is also tag matches in DOA5LR online which you have players that only play tag if you only play solo, so you'd have to increase the settings to both if you play both (if that's possible). However just for the sake of it, tag is damned and not taken seriously for gameplay. You could still play it for fun of course with friends but that's pretty much it.
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The default settings the game gives you when you search in random lobby matches are: 2 rounds - 99 time. You'll find this setting to be pretty much everywhere (kinda) when someone starts core fighters for the first time or something.
The "true" default settings to getting proper matches are: 3 rounds - 60 seconds (this is also the tournament standard settings and also the settings that are in ranked matches.) It's preferred that you start from here as you can have more game time and getting used to what players would pick.
Every other setting doesn't really matter since it's just there. You can adjust it to your own preference if someone looks for it but just remember that there is another mode which limits the settings (Solo/Tag). There will probably be days where you'll find more tag lobbies than solo lobbies and vice-versa.