Hello my friend. The installation its very easy on windows XP, on windows 7 there are some considerations.
For XP just run the setup.exe file, install PSCAD and don't open it yet. It is important that you have a GNU Fortran installation pack that can be found here:
[link Point to another website Only the registered members can access]
Just follow the instructions. Some times an error is shown, first install the GNU Fortran and then install PSCAD. When it ask you for the installation of Fortran just cancel that step.
Then open the "c r a c k" folder and put the m e d i c i n e in the same directory with pscad.exe and execute it. PSCAD.exe can be found in C:\...\PSCAD420Eval\bin\win.
For windows 7 the setup.exe of PSCAD only runs in compatibility mode. Just left click on setup.exe, Properties, Compatibility, Check "Execute this program in compatibility mode for" Windows XP.
Hope it helps.
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