The "Translate Everything" in WPML -> Settings -> Translation Mode is the automatic translation mode. It has 3 options about reviewing and publishing the automatically translated content.
I ask a very specific question, stating that I read all the documentation, and the best answer you are able to give me is... read our documentation.
Please don't give me textbook answers and waste both our time.
In attachment a screenshot of the settings I see. As you can see, the option "MULTLINGUAL CONTENT SETUP" (like on the screenshot of the article you refer to) IS NOWHERE TO BE SEEN.
I just noticed that you are using Multilingual Blog License as per your profile on this forum, but my team points out that your account at backend seems to have a CMS license which seems to be expired.
So please hold on, I am referring this to the relevant team to look into the details and resolve it ASAP.
Please accept my apologies for this misunderstanding.