Toggling that setting off and on still clears the history for me. That works for me, too.

However, having this setting in the on position used to prevent files from being placed in the "Recent...

The option "show recently opened items in Jump List on Start or the taskbar" is still there and active. However, it used to prevent items from appearing in my "recent items" and history folder. ...

Method One has stopped working for me since I got the Windows 10 Fall Update. It used to work fine.