The Traide Compass just sends you alerts of wedges forming in the markets. There is nothing else that the Traide Compass does.
You place the buy and sell trades in the MT4 platform.
This is easiest done using the pull-down box from the arrow to the left of the currency pair name in the top left-hand corner of a chart. You may also get this one-click trading box to appear by right-clicking on the chart and then click on the one-click trading.
Here is a video that shows it in action