Is there a good 5 channel radio?

Hi all,

I'm really new to this hobby and am in the process of working out what to buy. I want to get an ArduCopter Quad and am trying to work out what radio to get.

I'm trying to keep the cost down, so it seems to me that I just need a 5 channel transmitter.  Using channel 5 as the flight mode. I can't seem to find any radio that has more than a 2 position switch as the 5th channel. Is there such a thing as a 5 channel radio where the 5th channel is a 6 position selector knob?  Obviously, the more positions on the switch, the more flight modes I can assign. Or does this concept not exist? I've seen such knobs on radios with a much higher number of channels.

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