On the conditions tab, you can set specific settings for normal, day, night. If you put the profile on normal, the same settings will be applied 24 hours a day. This will switch to B/W mode at night, but will have the same WDR and 3DNR settings as the day time.
If you use the day/night profile, it will use the day settings during the day, and night settings during the night. This lets you turn off WDR at night and increase 3DNR to reduce noise.