Upon first starting, ACT will look at a registry key to try to determine where Everquest II is installed(it tries to find log files based on this). If it can't find it, it will ask you to locate it manually. If you don't do that and you don't open a log file manually, it won't have anything to parse.
No one can tell you with 100% certainty where you have EQ2 installed and it's not something we can give you. Look in Program Files - Maybe under Sony - Everquest II or something like that.
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