In p4v your workspace should look like this. Choose a workspace name and the folder where you want FTVO to save your project, add it to the workspace root.
Basic tab, make sure your workspace mapping is correct as well: //frostunevo/... //yourworkspacename/...

Advanced tab, leave the Host name blank:

Enter your information as the following:

And finally, in FTVO make sure the Project is in the correct folder:

Note that P4V needs to be open in order for FTVO to send the files correctly.