You need to add a 220 ohm resistor to the emitter, then connect the emitter across the Pos-Neg. The output goes to the Pos (vcc), Neg (Gnd) and Signal (Vo). Vo should also be pulled high by a 10Kohm resistor.
You basically want to build the circuit that is on the old Gen3 opto boards [
reprap.org]. The LED is an optional extra.