Could you upload/link a picture showing your MIDI settings on the QY100? Also are you planning to work in pattern mode or song mode?
As for Ableton, I'm not familiar but in my own DAW when I record external MIDI it won't sound like anything because it needs a software synth or external synth assigned to it. I can either assign a software synth for tweaking in the DAW or I can send the recorded MIDI back out to an external synth to get my sound.
Typically, I've found a good workflow is to compose patterns on the QY100, then output each track's MIDI to my DAW, then apply new soft synths to the MIDI for a more modern sound. Sometimes I like the sounds right from the QY100, so I'll just record them in as audio.
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Visit for QY100 Style Files and feature unlocks.
Doffu