The BT module comes preprogrammed with the following settings:
Device name: linvor
Baud rate: 9600
You can leave the settings as they are or change them with a serial adapter.
For more info see: http://wiki.openpilot.org/display/Doc/Serial+Bluetooth+Telemetry
Connect the bluetooth module to your Arduino.
BT module Rx-> Arduino Tx
BT module Tx-> Arduino Rx
VCC to 5v
GND to GND
Connect a sensor or potentiometer to analog pin A0.
Upload this sketch to your Arduino: http://pastebin.com/raw.php?i=xmyr840j
The onboard LED at D13 is toggled everytime a sensor value is requested from the Arduino.