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I'm not sure if I could understand your request.
Do you want to set a limit based on date?
If so, then you may just disable the form, and your users will not be able to edit the submission.
Do you want to set the limit based on the number of edits?
Please provide us a bit more about it, if the feature is not available then we could escalate it as a feature request.
I want to be able to set a limit based on the number of edits, please let me know if this is at all possible,
Unfortunately, it's not possible at all. I have now forwarded this thread to our developers as a feature request. We can't promise any timeframe for this, but if there are updates, you should know it via this thread.