Every time you save to disk, a backup of the current disk files are automagically saved in the AUTOBACKUP folder, in case you wanted to retrieve the version they accidentally overwote.
Below your Projects folder, there should be an AutoSave folder. Below THAT should be a folder with the name of the PROJECT (e.g. MyMachine). Below THAT are the 4 most recent copies of THAT SPECIFIC PROJECT, organized in folders with DATE/TIME STAMPS as the name of the folder, e.g. $08-01-17$12-18-33 is a snapshot copy of my project from January 17, 2008, 12:18:33PM.
DO NOT OPEN THESE PROJECTS FROM THERE, BUT COPY THEM TO YOUR PROJECTS FOLDER OR SOME OTHER PLACE. ANY/ALL projects below the Projects\Backup folder should never be opened from within DirectSOFT, but copied to a safe place to open them. The reason is because these folders are automagically created, opened and deleted by the backup facility in DirectSOFT, so if you open a project of the same name, strange things might happen.
The most recent 4 versions of any project are saved via the "auto-save" process. If you manually backup a project using the BACKUP button on the toolbar, it saves as many as you want. The manual backup copies are just located in the Projects\Backup folder, not the Projects\Backup\AutoSave folder. However, you are given the opportunity on a manual backup to save the backup anywhere you wish, but the default is the Projects\Backup\(your project name)/($time$date)
The manual backup facility was added in Rel 4, but I don't remember if the auto backup mechanism is in Rel 4. I know that Rel 4 does NOT allow configurable toolbars.