I tried DXWnd but the Game wont start, nothing happens.
Have anyone the right config to bring this baby to launch with DXWnd?!

As i wrote in https://www.gog.com/forum/lands_of_lore_series/lol3_framerate_capped_at_31_fps/post5.

Import Lands of Lore 3 (GOG).dxw into DXWnd (Found in DXWnd's exports folder)

Modify the imported DXWnd config accordingly:
Under the "Main" Tab
"Path" should point to your "LOL3.DAT"
"Launch" should point ONLY to your "LOL3.EXE" (Remove ALL the arguments, -CD. -16MB -NOASSERTS,etc)

Under the "Hook" Tab
"Command Line" should have the following entered

Big Thanks Man!

I do everything you say, but when I run it, it still pops up saying "No Cd"

When I run it with Hooks, it for some reasons runs the .DAT file even though the Launch line uses the EXE.

It's still telling me to insert the CD what am I doing wrong