Well I don't use it like that. I guess you can, but I don't know how. I use it a different way. I just started messing with it til I got the results I wanted. I am clueless to how it is spose to work. I am sure that I will adjust my method when I figure out how to use the program correctly.
I record my vocal tracks "dry" with my Tascam.
Then I will import the vocal track into Audacity and use several of the filters. Bass boost first, Reverb second, amplify third, EQ forth and compress it last.
Then I will import the vocal track back into my Tascam and mix it down and master it.
After that, I will bring the stereo WAV file back into Audacity and run bass first(if needed), then amplify it to where the sine wave is at the right DB. Then run an EQ(again if needed) filter on it based on the style of the song....there are several to choose from.
Then run compression again...the end result will usually end up with enough gain....
I have no Idea whether or not this is the best way, or even necessary, or even the correct way to do things... but I like the end result it gives and it is real fast and you can practically do it without listening to the WAV file at all.
The tricky part is to get the Verb right...hard to adjust a bunch of numbers instead of tweaking the sound....
What I am after is a sound that will sound good when you listen to it with the default settings on Media player and have enough gain to play in your car stereo...
So all these steps you can see where it is easy to miss one and why I sub songs with no verb ect rofl....but I can have a Mastered WAV in about 30 min after recording a good vocal track. And that is great for me cause my time is very short...(as long as I get the reverb amount right)
Gosh do I wish I had some hardware where my ear could do all the work...
I don't guess it matters how you get from point A to point B, it is the end result that matters...a million ways to do something...