Making bash command history act like Windows command shell

Making bash command history act like Windows command shell

In bash, up arrow recalls the previous command. Tap it twenty times, I get
the command from twenty places back in history which I ran five minutes
ago. Suppose I run that command right now. Now when I tap up arrow, I
recall the most recent command - that one I just re-ran, and additional
taps take me back through the history just like before.
Perhaps five minutes ago, I had run four commands in series that I want to
run again. I must tap up arrow twenty time again, and again, and again.
In Microsoft Windows, in their command shell, I can recall a command from
a while ago, re-run it, and then when I tap up arrow, I get the command
from before that, from five minutes ago. I can get the commands following
that one from five minutes ago, with less effort and less wearing out of
the arrow keys.
So, bash (and i guess most unix/linux shells) always starts its history
recall from the most recent command, while Windows will remember a
long-ago command's place and recall relative to that.
Is it possible to recall history in bash in the way that Windows does it?