Hey there,
That's a fair question! Yes, the volume is up. When I turn the sequencer off, or change the play source to anything but Key, I hear sound.
This is my exact setup:
1) Remove notes from Track 1 (Notes = Off) - I do not want the *sequencer* to play notes
2) Set track 2 to a length of two steps
3) Set destination of track 2 to modulate Osc 1 Shape Mod, and enter polar opposite settings for the two steps so you should be able to hear clear differences (if the notes actually play)
4) Set sequencer play source to 'Key'
5) Set sequencer play mode to 'Step'
6) Set sequencer restart to 'Off'
7) Env retrig makes no difference what you choose
Now, the desired behaviour is for me to play notes on the keyboard, and hear them, whilst the sequencer steps between its two modulating steps on track 2, affecting the Osc 1 Shape Mod - but I hear nothing.
Could you please try this and report your results?
Many thanks!
James