Show Buddy Active : presets not loading and/or Effects tab is not working
Solution : Open File > Preferences > Audio/MIDI Settings and make sure a valid Input audio device is selected:
Explanation : Show Buddy Active uses the audio input as an accurate timing source, to manage crossfades and oscillators, and to process incoming MIDI data. If no input is active, then you will experience various issues with switching between presets and running effects within presets.