Here are the default line entries from the wavecontroller.fx file which I think is the one you're referring to. Substitute this text for whatever is in there now and you should be OK.
[Library Effect]
Lifetime=5
Version=2.00
Radius=0
Priority=0
[Properties]
Cockpit=1
VirtualCockpit=1
Spot=1
Tower=1
Map=1
[controller.0]
type=2
Frequency=60,60
x offset=0,0
y offset=0,0
z offset=50,60
lifetime=0,0
delay=4,8
effect.0=fx_waves, -30,0,-3, 30,0,15, 1,4