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Question When I program any of the 4 free assignable mods (M1, M2, M3,M4), are the MOD settings preset dependent and stored within the preset, or are these settings global and do they affect all presets

Answer
The four free assignable mods (M1, M2, M3, M4) are always stored with the preset, allowing you to assign the mods to different parameters, depending on the preset.