Macro

Clear_CmdLine Select_Last Color Focus Form Record Preset

I've also done select Active as a variation. The important part is including the parameters you typically are recording into your presets, saving keystrokes when typically recording only certain parameters into Presets.

I find this very useful when using presets for a variety of things, and saves a bunch of keystrokes.

You could also record a Macro like this for UPDATE instead of record.