Back button works only one level

When I dive into directories in Commander view, I can only go back one level. I have "back" mapped on an additional mouse button and the same behaviour is shown by the browser style back button in the lister title.
In other words: It seems that DO forgets where it is after one click of the back button. The path in the lister title ist still there and I could work with that, but it seems strange that back only works for one layer of folders.
Anyone else with that problem?

Sounds like the Lister History setting under Preferences / Favorites and Recent / Recent List has been set to only remember 1 folder.

Thank you very much, I wasn't aware of that feature, and DO is rich of features indeed.