Far Manager has powerful suppport for command history. ConEmu author even suggests using Far Manager with panels turned off instead of standard command prompt.
Ctrl+E gives you previous command entered. You can press it multiple times to get older entries. Ctrl+X moves you forward in the history.
Press Alt+F8 to view command history in the list:
You can execute a command from the list by pressing Enter. If you want to edit a command press Ctrl+Enter.
All shortcuts available in command history list:
|Enter||Re-execute a command|
|Shift+Enter||Re-execute a command in a new window|
|Ctrl+Alt+Enter||Re-execute a command as administrator|
|Ctrl+Enter||Copy a command to the command line|
|Del||Clear the commands history|
|Ins||Lock/unlock a history item|
|Shift+Del||Delete the current history item|
|Ctrl+C or Ctrl+Ins||Copy the text of the current command to clipboard|
Another useful shortcut is Ctrl+Alt+F – it lets you to search in the list by filtering it down. This shortcut is totally non-obvious and not documented anywhere so I was happy when I discovered it. It also works in folder history (Alt+F12).