Need a bit of help with how this event trigger works

[beckdawg]

Merchant arranges an expedition.[edit]
Cannot fire randomly
Trigger:
Has the idea Quest for the New World
Has at least 1 ports
Has at least 2 merchants
Any active trade node:
Is a sea province
Capital:
In the continent Europe
The Caribbean:
Has not been discovered by our country
Mean time to happen
Base mean time to happen of 1 days

I'm playing as Castille. I just got QFTNW plus 2 of the ideas. Should this not automatically trigger? The one thing I'm unsure of is the trade node/sea province aspect. I have a merchant in Sevilla and Bordeaux. Not sure if that is saying I need one in like the north sea or western europe...etc*