Bypass button is not working for some insert effects.
It is up to the developer of the plugin to code support for the bypassing. Please contact these developers.
Hi,
The Activate button (which you can see in the plug-in widnow) is not the Bypass button. In the plug-in window, you should see the Activate button, then the Bypass button, then R and W.
The question is, why there is no Bypass button available on this plug-in.
Thanx 
Thanx 