I have been on these forums for a few hours now searching for how to run backuped ps2 games on LaunchElf 4.05. I would really appreciate it if anyone could give me a step by step on doing this.
Yes I have looked at the help threads and they obviously aren't helping.
Alternately, you can do the no-swap exploit, as I did.
Here's a guide on exploitstation on how to do it with an ARMAx:
And here's a guide on how to do it with the Codebreaker:
Hope that helps.