AVCaptureMovieFileOutput *aMovieFileOutput = [[AVCaptureMovieFileOutput alloc] init];
CMTime maxDuration = <#Create a CMTime to represent the maximum duration#>;
aMovieFileOutput.maxRecordedDuration = maxDuration;
aMovieFileOutput.minFreeDiskSpaceLimit = <#An appropriate minimum given the quality of the movie format and the duration#>;
For further details look at here
ALSO try NSTimer
to setup camera actions