Hello,
In order for the FP-Quad-510 to count up and down relative to forward and reverse motion, you must have both phase A and phase B of your encoder connected to the FP-Quad-510. The two signals are offset by 90 degrees which allows the module to determine the direction of the encoder. Please see this KnowledgeBase for additional information: http://digital.ni.com/public.nsf/websearch/5E1CBFCBF821822686256CBB005B5305?OpenDocument
Regards,
Bill Boldt
Applications Engineer
National Instruments