It's always hard to build a tone when you're adding that many pedals at once. I would suggest start with just one pedal at a time.
First, find a clean tone that you like without any pedals. Just guitar and amp settings.
Add the Overdrive. Dial that pedal in so that you get the Overdrive sound that you want. Make sure that you dial it in so that you get a nice difference in tone between your clean sound and the overdrive but not a HUGE difference in volume. You should notice a little bit of a jump in output but not a huge difference.
Next add the compressor. You can run this pedal always on or you can run it only on when you want to have your tone really tighten up. I would suggest using it as a boost pedal to tighten up your tone and make your overdrive scream... So, turn your overdrive pedal on and dial in your compression to get a decent sound that you like. Once again, switch it on and off and make sure there isn't a huge difference in output... you just want the tone to change.
The chorus and phaser are pedals that people argue with over and over about where they should be in a pedal chain. Do you phase the chorus? Do you chorus the phaser? It's up to you. Repeat the steps as stated in the previous couple paragraphs and find the tone you're looking for for each...
I'm not sure what the Parameters pedal is.... So I can't hint to how to set that one up. Chances are it should be the last thing in your chain before your amp.
I'd probably chain it something like this:
Guitar > Overdrive > Compression > (Phase <> Chorus) > Parameters
You can put the compession at the end as well... I don't like compressing Chorus/Reverb type effects though.
All in all... treat them like building blocks. You might find that certain pedals don't work well with other pedals as well.