failed to connect to system : Odata receiver adapter in sap cpi

Hi Experts,

We are getting an error while trying to connect to a system from SAP CPI using Odata Receiver Adapter. We are able to connect only if we select Local EDMX as Connection Source but if we select as remote, its throwing an exception as "Failed to connect to system".
Could you please let us know the possible solution for this issue as we do not want to use local EDMX option ?

Also used actual configuration parameters. We do not have location ID so we kept blank.