Originally posted by DAZ A circular works by first filtering out the light from one polarization and then making the light mostly random (circular but not totally). If you put 2 circular front to back you get mostly nothing because the first one filters and there is not much the second filter can do. If you put the first filter backwards (front to front) then it will work like two liner polarizes.
DAZ
As Daz says the CPL farthest from the lens should be reversed. Remove the filter's bezel ring, turn the element over & replace the ring.
The color will likely shift as the ND effect is increased because the polarizers aren't uniformly effective across the visible spectrum; a custom white balance should fix this.
Iowa Dave