Please also note this message on the GitHub release page:
Have fun, be cautious, and be patient for the headers to sync! Enjoy!
There is a VERY good reason for this... the BTCP "blockchain_headers" file is currently somewhere in the vicinity of
428 MEGAbytes!!?!
I believe that Electrum-BTCP has the same "issue" that the original Electrum does... on first startup, the wallet doesn't look like it is doing anything while the "blockchain_headers" file is downloading. It will show as "Not Connected" and with the "red dot" while it waits for this file to update.
Electrum can take 5 to 10+ minutes to do this... and it's "blockchain_headers" is more like 40megs!
So, as you can imagine, waiting for 428megs is going to take quite a lot longer!
My advice, start it up... and then check "C:\Users\YOURUSERNAME\AppData\Roaming\Electrum-btcp" (or ~/.electrum-btcp/ on Linux+Mac) and see if the "blockchain_headers" file is increasing in size. If it is, just leave it running! It'll finish eventually and the wallet should show your balance and the green dot