Mine doesn't work like that - I have the 2836-2 Exp 2 with correct handstack (hour hand below GMT hand).
First stop, one direction advances the hour hand, other direction advances (quicksets) the date.
Second stop sets the time in both directions (all 3 hands move).
The only thing about this version I don't like is that the date changes with the GMT hand passing 24, not the hour hand.
I've played with my friend's gen Exp 2, and the date advances with the hour hand, not GMT hand. In his, the first stop changes the hour hand forward or backward depending on direction turned. There's no date quickset, and the date must be changed by moving the hour hand forwards or backwards 24 hours. The second stop is for forward or backward time adjustment.