Cancellation policy options

Can we create a policy that allows refund if cancelled within 24 hours, no refund after that. Or how ever anyone wants it, but with the option to set it for after booking is created as well as before arrival date?

The requested option is what Airbnb does.  If a guest blocks my calendar for a month during my peak season, but books it a year out, that would be 10 months my calendar is blocked in my expense if I had the typical "60 days before stay" cancellation option, which would be quite detrimental to the host.

The cancelation policy needs the option "X days after booking is made" in addition to "Y days before stay".