Not sure if there is something wrong with the module  but from what i understand it should do after setting a repeat time  post in Guildchat the title each time when the repeat time is over ?

Cause the bot usualy only starts to react when the timer reached 2 mins.

Also would it be possible to add a function to it that let you add additional parameters ?
like !rtimer 5:00 0:35 East North West
Wich would show after 35 seconds East next time 35 seconds reached North than after 35 seconds West.
And than start over ?

That's not the way rtimer is supposed to work.

rtimer creates a timer that is repeated until deleted with always the same timer text.

For your wished functionality you'll have to write your own module using timed events most likely.

And there is a setting defining the minimal repeat time for rtimer, not sure what the default setting is.

I thought it was just for repeating the title in chat every time the repeat timer ended.

That's the way it works, yes.