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Cool Edit Pro 2.0 may be an old program, but there aren't a lot of audio tasks that it can't pull off. One of Cool Edit's most powerful - and overlooked - features is its Scripts feature; which allows the user to save effect chains and sequences and apply them with a simple click. Here's a tutorial on how to create your own script collection.
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Cool Edit Pro 2.0: Creating and Using Scripts | NatokHD