About signals - read this thread Frequently Asked Questions about the Signals service - first few pages on the thread.
How to Start with Metatrader 5 - this trade may help
And there is key article about Metatrader 5 - this one : MetaTrader 5 - More Than You Can Imagine!
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about your questions
1. yes.
2. yes
3. in case of signals - you do nothing - "automatic" means "without your participation" :)
Anyway - you should read the threads and articles because there are some particularities concerning everything for example.
Hi, i'm new to the forex market. I want to use an automated trading system and I don't know how to start.
I have few questions:
- Can I use any broker?
- Do I have to install MT4 or MT5 in my computer?
- How can I do to automatically trade each time I receive a signal?
Thanks for the information.
Hi, i'm new to the forex market. I want to use an automated trading system and I don't know how to start.
I have few questions:
- Can I use any broker?
- Do I have to install MT4 or MT5 in my computer?
- How can I do to automatically trade each time I receive a signal?
Thanks for the information.
Thank you for you reply. My broker uses MT4 so I tried to subscribe to a signal in MT4 terminal but there are no tag for signals. Also I tried to subscribe from the web but I couldn't.
Thanks for your reply

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Hi, i'm new to the forex market. I want to use an automated trading system and I don't know how to start.
I have few questions:
- Can I use any broker?
- Do I have to install MT4 or MT5 in my computer?
- How can I do to automatically trade each time I receive a signal?
Thanks for the information.