ok i setup the microsoft agents and all that but what im trying to do is make it do something like

on *:VCMD:hello:*: /msg # $1-

but it wont do anything other than msg the chan and say hello ...... no nick im wanting to know if thats even possible?

try setting the nick to a variable such as
on *:VCMD:hello:*:
set %blah $nick
msg # hello %blah
you could perhaps just use the $nick in the line you had like so
on *:VCMD:hello:*: /msg # $1- $nick or
on *:VCMD:hello:*: /msg # hello $nick