If for some strange reason you want to use nothing but wax don't use just plain wax because plain wax will last about 100 miles then your doing the wax ritual all over again. You need to add about 3 tablespoons of teflon into the paraffin wax and heat both in a can together till it melts. BUT DO NOT just place the chain and wax mixture on heat...think about this, does KABOOM come to mind? AND NEVER LEAVE the wax unintended! To safely heat this mixture, get a pan that is large enough for the can to sit in. Put an inch or two of water in the pan and place the can in the center. Now the wax will not exceed 100°C unless the water boils off. Place this on your heat source, using just enough heat to start the water boiling and then turn it down a bit. After the wax has completely mixed with the oil, take it off the burner and let it solidify. There should be enough wax in the can to completely cover a chain. When the wax is hard, rub your finger on the surface, it should feel greasy. If it doesn't, add a little more of the engine treatment.

Put the chain on top of the wax and set it into the pan of water again and bring the water to a boil. DO NOT leave the wax unattended. Once the wax has completely melted, stir the chain occasionally to get the wax between all of the parts and remove remaining dirt. Let it cook for at least 15 minutes, the metal has to reach the same temperature as the wax for the wax to bond.

Remove the chain from the wax with a pair of plyers, be careful, it's HOT! Hang the chain above a plastic bag or outside, wax will be dripping until it solidifies. Some people wipe the excess wax off, it will fall off when you use the chain anyway.

Now you did all that work and the your new wax treatment might last 300-400 miles before you have to redo it, and you redo it as soon as you hear chain squeeks or noises. But the chain still will have more friction and will not last as long as a chain treated with lube in a bottle already with teflon in it like Finish Line Teflon Dry Plus. With Finish Line you don't have to cook it, just clean the chain a apply one drop to each link and let set for 12 hours and ride.