Peak & Clip Meter
The peak meter is a graphic way of showing how loud the mix is. The red clipping meters will light up and stay lit for 5 seconds if the volume is too loud. Generally, you should avoid clipping and it is recommended to lower either the master volume or another volume. The above image shows clipping in both the left and right channel. Tip: Solo a track to see if it is clipping.
Master Volume
This is the master volume for the entire mix. If your mix is too loud, lower the master volume to avoid clipping. You can use the slider or type in a new value. The range is 0% to 200%.
Main FX
The main effects are applied to the entire mix after all tracks have been mixed. Usually, one might use a global reverb or possibly a compressor. To edit the effects, click the " Main FX" button.