The concept of dynamic automation in FLStudio is: every control (fader, knob and etc.) in any FX/Instrument plugin in FLStudio (the trick is valid in third-party plugins either) can be dynamicly modulated (modified) by linking it's automation to "Peak Controller" plugin in realtime.
So every knob/fader's automation can be modified dynamically, not only by drawing static automation envelope, but it can be modulated/automated by any incoming wave source (instrument/fx or etc).
I found this feature extremely useful on creating some interesting, unpredictable sound. The capabilities are really huge.
I did not find any workarounds of this trick in Ableton, am i missing something ?
Is dynamic control automation in Ableton possible ? 
Sorry for the stupid question then, did not know that