For the sake of this example, lets suppose we have the domain planetexpress.com and our user us bender, hence our email address is bender@planetexpress.com.
Add account, and select Microsoft Exchange ActiveSync:
Add your email and password. Hit Manual setup:
Set Exchange server to m.hotmail.com
Leave Use secure connection (SSL) checked
Hit Next:
Select your desired setup:
Peak schedule: how often does the application check for email in work hours (08:00 to 18:00).
Off-peak schedule: how often does the application check for email in work hours (18:00 to 08:00).
Period to sync email: up to how much time in the past will the application show your emails?.
Emails retrieval size: when viewing an email, this downloads the header plus the specified size.
Period to sync Calendar: up to how much time in the past will the application show your calendar?.
Hit Next:
Finally, hit Done: