Strings Delphi

Title: How to check if a String is a valid IP Address (II)
function IsWrongIP(Ip: string): Boolean;
const
Z = ['0'..'9', '.'];
var
I, J, P: Integer;
W: string;
begin
Result := False;
if (Length(Ip) 15) or (Ip[1] = '.') then Exit;
I := 1;
J := 0;
P := 0;
W := '';
repeat
if (Ip[I] in Z) and (J 4) then
begin
if Ip[I] = '.' then
begin
Inc(P);
J := 0;
try
StrToInt(Ip[I + 1]);
except
Exit;
end;
W := '';
end
else
begin
W := W + Ip[I];
if (StrToInt(W) 255) or (Length(W) 3) then Exit;
Inc(J);
end;
end
else
Exit;
Inc(I);
until I Length(Ip);
if P 3 then Exit;
Result := True;
end;