maybe you are not correctly applying EQ to the target track(s)?
To patch a real-time EQ effect onto an individual track, right-click in the square black area at the top of the track's channel in the Console View. Then, select the EQ plug-in you wish to use (i.e. cakewalk). After you do this the plug-in name should appear in the square black area. Now, double-click the plug-in name to bring up the control dialogue for that effect, and twiddle accordingly, then click OK.
When you playback the track, it should now perform as expected. If you wish to patch a single effect onto multiple tracks, consider using an AUX bus to route them.
This, like most everything I post, is in the docs. (but then how will I ever get my post-count up if people RTFM? hee hee)