This question was previously asked but no answer was ever provided (#541609)
Error when attempting to add Salesforce Event Log:
The following required arguments are missing: compression, limit
These are not options on the Add Salesforce Event Log dialog, though Limit is an option on standard Salesforce Objects. This occurs when connected to a production salesforce org that does have Salesforce Event Logs.
Initially, I was trying to connect to a sandbox environment, which wouldn't work since SFDC Event Log was only purchased for production, and this does not propagate down to sandboxes.
However, the issue persists when I connect to a production org that does have SFDC Event Log.