Yes. Create this file yourself using the following sample:
[/Script/Engine.GameUserSettings]
FrameRateLimit=60.000000
In this case, the FPS limiter will be 60 frames. By Unreal’s default it’s 0.000000 (unlimited)
And you can enter any parameters:
ShadingQuality=3
ShadowQuality=3
TextureQuality=3
etc…