In your explanation you have typed TEMP! but I think that is just a typing error while posting as ! is on the same key as 1.
Your problem is that you haven't specified any files to be copied by xcopy.
you need to use:
xcopy "C:\QUICKEN DATA\*.*" W:\TEMP1 /D /Y /M /E /V /C /Q /G /H /J
I've removed the /S switch because /E will copy all folders whether they are full or empty so /S is unnecessary. It is also a good idea to remove /M while you are testing because with /M in place the files will only copy once unless you unset the archive attribute on the files and folders in "C:\Quicken Data" after each run. If you don't unset the attribute you will get the "0 files copied" message.
I've also had to resort to some trickery to make the code display correctly on the forum so that you can copy and paste it as it is.