at this point, i wish someone with more knowledge than me to reply with a more direct answer for you, lol to which can guide you better
rule of phumb is that the more you spend, generally, the better it is, might be worth buying a better polish/glaze to begin with, you can restore red with a micro abrasive polish as red paint isnt the best to keep its 'goodness'
as for wax, id say dodo juice orange crush