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This Advanced Settings dialog box offers some very important backup options for the File History feature. In particular, you can change the amount of time for which old versions are saved and how often snapshots are taken.
By default, backed-up versions are saved forever, and fresh copies are snapped every hour. If you set up a network share as the default location for saving File History and then click Recommend this drive, anyone in your homegroup will be able to use that location as a backup target.
From any file or folder in Windows Explorer, you can click History (in the Open group on the Home tab of the ribbon) to flip through the contents of each backup set.
This screen shows the two different views, list and icon, which you can choose using the buttons in the lower right corner of the dialog box.
Notice that the version on display is identified with a date and time stamp at the top of the contents window. Using a touch screen, you can swipe back and forth to choose a different version, or you can click the arrows at the bottom to move from version to version.
Right-click the big blue Restore button if you want the option to save a copy of a backed-up file to a different location than where it was originally saved. This option is especially useful if you're restoring an old version of a document so you can compare its contents with the current one.
Many backed-up files are saved with full thumbnails so you can see at a glance if you're restoring the right one instead of guessing from the file name. By choosing Icons view and then zooming the window contents, you can make these thumbnails big enough to read directly in the File History window.