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Some other things which may be worth considering:
- I find Vanguards to be marginally better at escaping from pirates or other attackers than the corresponding Sentinels.
- Faction relations gain from trade doesn't care about either trade volume or trade value, so small, fast freighters are slightly better in this regard than large, slow freighters.
- Traders buying from your own stations can benefit from setting a minimum price at the station that's greater than the minimum price for whatever wares that the station produces, as this tends to make it more likely that the buyer wants enough of whatever you're selling to fill up the freighter.
- If you're operating in Avarice, fast freighters may be preferable to slow ones since high speed slightly improves their likelihood of getting out of the system before a Tide hits. Having said that, I don't find it worth operating S or M ships in Avarice without hazard damage reduction modifications.
The Pilot you leveled up to do auto trading is a bit difficult to obtain to put them in an M IMO.
Leveling the pilot up in say a discoverer (which usually does not attract attention) is decent though you will lose credits with distribute wares.
I normally have 100 Frogs assigned as traders on my shipyards. Any factions nearby will be +20 rep in less than an hour, my transaction log on the station will just be pages and pages of small profit from my Frogs which quickly adds up and they even fetch stuff for terraforming. Out of that 100 I'll probably lose 20? No matter where you are in the X universe there will always be pirates near.
If I cannot use Frogs (they are expensive to buy) then I use the cheapest courier from the ANT wharf which is the sentinal version.
Regarding auto trade, the AI has a built in delay after each trip to decide what to do next that is directly tied to the crew's (or manager's) skill. This tends to reduce the advantage the Hermes has in speed as you are more often losing time to the (deliberately) indecisive AI. Demeter is better in this specific case since the better cargo capacity means that you can do more per trip and lose less time to the AI's indecisiveness. But honestly the difference is going to be hard to notice. It's unfortunate that the other race's ships are a little too slow. Even with the increased time loss for the AI, the Demeter and Hermes are still better than larger capacity ships when not on the superhighway.
Large quantities of Frogs doesn't sound like all that bad of an idea. Costs a lot more mined resources, but a lot less in personnel. Actually, I think I might want to try this with Magpie ships, from the Alliance wharf, as hiring the crew for M traders does get a bit expensive compared to the ships themselves.
I think I've used Magpies and they're ok? Any small courier ship will work. I mean if a pirate faces a high spec Frog or a cheap courier the outcome is quite often the same. But Frogs do have that extra shielding and decent cargo space and speed so I reckon they are the best bang for buck but only when you can build them yourself and don't forget you will always lose some no matter what you choose. I do have some M traders as traders help with terraforming, but you don't control what they buy and sell the station manager does although overall they have been feeding my terraforming projects relentlessly. When you start terraforming on your HQ all your profits go out the window.
For Autotrading, go for the Demeter Sentinel variant if you can. The speed limitations are less than the potential profit that you can gain from the extra cargo space. I will say though, once you've figured out which sectors in Paranid space are the dangerous ones (Trinity Sanctum VII, Lasting Vengeance, Pious Mists IV and XI to give some examples), then you'd want to replace the Demeter in these sectors with a Helios E. The Priates/Kha'ak will rarely (if ever) touch L class freighters.
https://www.qsna.eu/x4/ships
the result, in trading, speed is the most important thing, it brings the most profit in a given time
what you make of it is up to you, but I always take the ships that have the best average cargo space/speed, regardless of whether they are miners or traders
I feel the recommendations being repeated in this thread haven't accounted for the fact that with the engine changes in 7.5 all of these tests and lists people had been using as the basis to claim which traders are "best" are now invalid.