So how does 'Focus on last event' ever work?

So I put mouse-button-five to this. It’s works maybe one time out of three then it stops working. (works perfect in AOE3 and you can actually HEAR the sound cue).

Tried letter ‘N’, which as near as I can tell isn’t used anywhere. It works maybe one time out of three.

Is there some key it likes? Does it just not work?

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other relic games also have it and it is useless if several things happen at the same time, I never use it, it is better to know how to look at the minimap

And once again AOE3 makes AOE4 look like a joke.