The majority of your Named Query bindings will most likely be on a dataset type property. When placed on a Dataset type property, only a single Named Query needs to be specified. An explanation of the various fields on the binding are detailed below:
When placed on a non-dataset type property (such as a String or Integer), then the Named Query binding allows for a second Named Query to be specified in the case that the user can update the value on the property. This provides an opportunity to both return and update values in the database from the same component.
The configuration is very similar to a Named Query binding on a dataset property. You need to specify a Named Query path, set up your Parameters, and choose a Polling Mode. You can finish setup at this point, leaving the update query disabled so that the property will simply pull the value from the database.
However, if you want the binding to be bidirectional, you need to specify an UPDATE query. This works similar to a SELECT query, in that you need to select the path to the Named Query and set up any Parameters. However, it is important to make sure that the Named Query chosen for the UPDATE query is in fact setup as an UPDATE query by setting the Query Type property on the Authoring section of the Named Query.