Hi Crane,
The launcher performs a special function by allowing Metatrader to use the tick data that Tickstory generates. From time-to-time however, Metatrader releases a build which can cause this function not to work. In this case, you will need to revert to the previous version of MT4 or wait for a update to Tickstory that resolves the issue. The message highlights that although we endeavour to keep the feature functional, the availability of the launcher feature is not entirely in our control.
Hope this answers your question.