You make emulator for mine program and all work fine, but emulator not work with new version of protected software, why?

This happens for the following reasons:

• Protected program determines (identifies) the presence of the emulator in operation system.

• The software manufacturer has cardinally changed the principle of the protection program.
• Sometimes we just do not have such an opportunity to create a universal emulator.​

Remember, emulators are written and tested on a specific version of the protected program and do not guarantee the work of the emulator in the new versions.