I dealt with getting blasted with the "No signal" thing on my LG webOS TV for several months before finally figuring it out. I wish I could remember how and tell you, but I can't recall. But don't give up! It is possible.
EDIT: Actually, I'm not sure if I got it to default to HDMI but I did definitely get it to show something other than no signal. Try using the picture frame feature (where it shows art in a picture frame). After so doing, I think it at least defaults to the picture frame. I also have a Roku connected that seems to be capable of telling the TV "hey switch to me", so sometimes I get the Roku HDMI and sometimes I get picture frame, but at least I never get No Signal anymore.