Parameters for running FWD and REV using CU 240E-2DP

I have an application where in I need to run the motor in FWD/REV direction. It shall run in FWD direction till FWD is presses and in REV direction till REV button is pressed. Also I need to get the healhty feedback. So have used the following parameters for the said application.

//FOR RUNNING IN FWD AND REV DIRECTION

P1000= 3 (FIXED SPEED)

P1001= 50 (SPEED-1)

P1002= -50 (SPEED-2)

P1020= R720.0 (DI-1)

P1021 = R720.1 (DI-2)

P1016 = 2

// FOR GETTING STATUS

P730=R52.7 (DO-1)

Will this work as desired?

Have used theTHISmanual for CU240E-2 DP

Regards

Manmeet