I tried editing the script and that didn't work so I tried using
//================================================== ==============
// SAMPLE SCRIPT FOR FOUR WOW'S ON ONE PC
//
// Instructions: Copy this entire script (all the blue writing
// on gray background including comments). Save it in a file.
// Load it into HotkeyNet.
//
// Toggle the scroll lock key to turn hotkeys off and on. (You
// can change this if you want, just like you can change
// everything else with HotkeyNet.)
//
// Requires HotkeyNet build 148 or higher.
//
// For more info, go to www.hotkeynet.com
//================================================== ==============


//-----------------------------------------------------------
// PRESS CTRL R TO RENAME WOW'S IF YOU LAUNCH THEM MANUALLY.
//-----------------------------------------------------------
<Hotkey ScrollLockOn Ctrl R>
<SendPC local>
<RenameWin "World of Warcraft" WoW1>
<RenameWin "World of Warcraft" WoW2>
<RenameWin "World of Warcraft" WoW3>
<RenameWin "World of Warcraft" WoW4>


//-----------------------------------------------------------
// SUBROUTINE TO LAUNCH AND RENAME A COPY OF WOW.
//-----------------------------------------------------------
<Command LaunchAndRename>
<SendPC %1%>
<Run %2%>
<RenameWin "World of Warcraft" %3%>
//<RenameTargetWin %3%>
<RemoveWinFrame>
<SetAffinity all>


<Hotkey Alt Ctrl L>
<If WinDoesNotExist WoW1>
<LaunchAndRename local "m:\WoWX\Wow.exe" WoW1>
<If WinDoesNotExist WoW2>
<LaunchAndRename local "m:\WoWY\Wow.exe" WoW2>
<If WinDoesNotExist WoW3>
<LaunchAndRename local "m:\WoWZ\Wow.exe" WoW3>
<If WinDoesNotExist WoW4>
<LaunchAndRename local "m:\WoWW\Wow.exe" WoW4>
<ResizeAndPosition>
//-----------------------------------------------------------
// DEFINE MAIL LABELS FOR SENDING KEY STROKES.
//-----------------------------------------------------------
<Label w1 Local SendWinM WoW1>
<Label w2 Local SendWinM WoW2>
<Label w3 Local SendWinM WoW3>
<Label w4 Local SendWinM WoW4>


//-----------------------------------------------------------
// DEFINE HOTKEYS FOR ALL KEY COMBINATIONS THAT WILL GET
// SENT TO BOTH WOWS. ADD MORE KEY COMBO'S IF YOU WANT.
//-----------------------------------------------------------
<Hotkey ScrollLockOn A-Z, 0-9, Plus, Minus, F1-F12 except W, A, S, D, Q, E>
<SendLabel w1, w2, w3, w4>
<Key %Trigger%>


//-----------------------------------------------------------
// DEFINE MOVEMENT KEYS THAT WILL GET SENT TO BOTH WOW'S.
// ADD MORE KEYS IF YOU WANT.
//-----------------------------------------------------------
<MovementHotkey ScrollLockOn up, down, left, right>
<SendLabel w1, w2, w3, w4>
<Key %Trigger%>


//-----------------------------------------------------------
// BROADCAST MOUSE CLICKS. HOLD DOWN OEM3 (ON U.S. KEYBOARDS,
// THAT'S THE SQUIGGLE KEY IN UPPPER LEFT CORNER) WHEN YOU
// WANT TO BROADCAST.
//-----------------------------------------------------------
<UseKeyAsModifier Oem3>


<Hotkey ScrollLockOn Oem3 LButton, MButton, RButton, Button4, Button5>
<SendLabel w1, w2, w3, w4>
<ClickMouse %TriggerMainKey%>
but I got
From this pc: <RenameWin "World of Warcraft" WoW1><RenameWin "World of Warcraft" WoW2><RenameWin "World of Warcraft" WoW3><RenameWin "World of Warcraft" WoW4><RenameWin "World of Warcraft" WoW1> failed: Could not find window "World of Warcraft"
<RenameWin "World of Warcraft" WoW2> failed: Could not find window "World of Warcraft"
<RenameWin "World of Warcraft" WoW3> failed: Could not find window "World of Warcraft"
<RenameWin "World of Warcraft" WoW4> failed: Could not find window "World of Warcraft"

It only worked if there was
//-----------------------------------------------------------
// SUBROUTINE TO LAUNCH AND RENAME A COPY OF WOW.
//-----------------------------------------------------------
<Command LaunchAndRename>
<SendPC %1%>
<Run %2%>
<Wait 5000>
<RenameWin "World of Warcraft" %3%>
//<RenameTargetWin %3%>
<RemoveWinFrame>
<SetAffinity all>

With a wait function =( I have no idea what I"m doing and dont want to get my account banned. Just want to help my wife level by RAFing two accounts with my main while she plays on hers.