This is a Windows 10 system

My system is a Windows 10/64bit

Download, expand and update EMACS_HOME

I downloaded the new emacs from the GNU ftp site. The file was https://ftp.gnu.org/gnu/emacs/windows/emacs-26/emacs-26.2-x86_64.zip

The downloaded emacs zip was expanded into C:\Program Files\Emacs\emacs-26.2-x86_64 this is my new EMACS_HOME.

My shortcuts now all depend on EMACS_HOME

I have three shortcut for emacs, the daemon, the client and no-daemon.

For the daemon the shortcut target is:

 %EMACS_HOME%\bin\runemacs.exe --daemon 

and starts up in:

 %EMACS_HOME%

The client uses this target:

 %EMACS_HOME%\bin\emacsclientw.exe -na "%EMACS_HOME%\bin\emacsclientw.exe" -c -n

The non-daemon target is:

%EMACS_HOME%\bin\runemacs.exe --debug