Yes, it's possible and the script should work just fine, assuming it's programmed correctly. On my Windows 10 system the two possible locations are:
You can get to the user Acrobat folders by entering:
You can then create any missing folders that you need. Many user folders like the stamps or sequence folders will be created when you add the fist custom stamp or action sequence.
%appdata% is a windows system variable that can be used in MS-DOS commands to get to the user's application data and it created by the OS at startup.