Try and create a new file in the DXWnd program.
These are the settings I run on W10, works like a champ.
[target]
title0=Dangerous Waters
path0=C:\Program Files (x86)\Steam\steamapps\common\Dangerous Waters\dangerouswaters.exe
startfolder0=
launchpath0=
module0=
opengllib0=
notes0=
registry0=
ver0=0
monitorid0=-1
coord0=1
flag0=673185825
flagg0=1275330640
flagh0=20
flagi0=138412036
flagj0=4224
flagk0=66561
flagl0=34816
flagm0=32768
flagn0=5
flago0=0
tflag0=0
dflag0=0
posx0=50
posy0=50
sizx0=1700
sizy0=1022
maxfps0=0
initts0=0
winver0=0
maxres0=7
swapeffect0=0
maxddinterface0=7
slowratio0=2
scanline0=0
initresw0=1280
initresh0=1024
[stamp]
version=v2.04.36.fx3
time=Mon Apr 26 18:58:34 2021
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