How to dynamically cut volume coming from FXLoop?

fuzzyoctaves

Inspired
I am running an analog delay in the FXLoop because I can't get the "musical" morphing oscillations on the Axe that I get by cranking the feedback and twisting the delay time knobs on the pedal. Of course those oscillations can get dramatically loud. I can put a volume block controlled by an expression pedal after the FXLoop, but I am wondering if there is a way I can do this dynamically?

On a side note, is there any solution to getting a Carbon Copy sound by using an expression pedal to mod the delay time on a delay block?
 
New Compressor?

That's what I figured. I tired it out and I couldn't get it to behave like I wanted where it only cuts the signal above a certain point. Probably my lack of knowledge of how the knobs on the compressor block work - I'll do some digging. Thanks for letting me know that I was on the right track.
 
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