1)First of all run the setup file selecting English language(only English language works)
2)Use this serial 486A-37F7-60EA-5917-56C3-8601
3)Replace the original "ELWAVE resource English (09,00).dll" in the Elwave folder with the cracked one
4)Now it should work
If you don't want that each time you open the software you'll have the window "license Key problem" opened, try this solution
1)Launch Elwave,open a chart and move your computer clock date to whenever you want in the future (for example 01/01/2015)
2)Go to help menu
3)Go to Enter new license key
4)Click on update license
5)Verify that the serial number is the same indicated before
6)Click Next and choose fixed activation method
7)Click next and you should get the alert "License Key problem"
8)Ignore it and close the window
9)In Elwave activation Step 3 of 3 click Cancel
10)Set the right date on your computer clock
11)Close Elwave
12)Now it should be ok