Editing and Saving Presets on the Fender® Mustang™ I/II (V1/V2) Mustang Mini and Fender Bronco™ 40 amps

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How do I edit and save a Preset on the Fender® Mustang™ I & II (V1/V2), Mustang Mini or Fender Bronco™ 40 amps?
The Fender® Mustang™ I & II (V1/V2), Mustang Mini and Fender Bronco™ 40 amps have three Preset banks. These are defined by the colors Red, Green and Amber. The Red and Green banks can be used to create/save your own Presets. The Amber bank can be modified using Fender FUSE software. To edit a Preset on these amps, you would begin by adjusting some Preset parameters. For example, you could change tones, gain or adjust either of the FX knobs to select a different effect/effect chain. Once you have made any changes to any of these parameters, you will see the Save light illuminate in red.

At this point, you can save your Preset in either the Red or Green banks. If you were editing a Preset from the Amber bank, you will need to select either the Red or Green bank to save to. Press the Save button once, and you will see the Save and Exit buttons flash rapidly. Press the Save button to confirm that your new Preset is saved to the selected location.