I cannot tell from the information given or the screen shot if that cron job is running natively on the server that the web files are hosted on or not. You would likely have to talk to your hosting company to find out.
If it is then I think that should work.
If it is not then you need to create an API key and edit the rcron.php in the distribution archive, and call that with cron instead.
Side note you should probably change "Minute" to a number like 1 or 2 on that screen shot.