Yes, absolutely, but it's a bit fiddly to set up. There's no MIDI command to scroll through presets, so you have to make the MIDI controller remember what preset is currently selected, so it can go to the next or previous one.
I don't have my MIDI Baby 3 anymore, so I can't access the editor, but what you need to do is something like this:
Dedicate one of the counters to be your preset tracks (doesn't matter which one, just make sure no other switches are using it). Then set one switch to increment that counter (from 0 to 127), and the other switch to decrement that same counter (from 127 to 0). Now make both switches send that value to the Stomp; I think it's sent as a PC (program change) message.
Edit: I can actually access the editor, just not use it for anything. So I think this should work as a preset increment command:
View attachment 5461542
And this is the decrement command:
View attachment 5461543