Spamman127,
Disconnect your speed control from the receiver (throttle channel). Connect a 4.8V receiver pack to your receiver via a switch harness with the binding plug. Turn on the receiver pack and your receiver light should come on (blinking). Now, turn on the transmitter while holding the binding button down. The receiver light should continue blinking for a few seconds, then turn to a solid light (indicating you are bound). Let go of the bind button on the transmitter and confirm that the servos are working by moving the transmitter sticks. Everything should work but the throttle. Now, power down the receiver pack, and disconnect it and the binding plug .... you can leave the transmitter on (throttle closed), and plug your speed control back into the receiver (throttle channel). Plug in your motor pack, and the system should arm and you should see a solid light on the receiver.
Ed