So I am a new user to this app and will continue to use it if this continues to work for me
My question is regarding This "Mytime: ((<select number>))

I am unaware of what this means and unable to locate any further information via the Application Info.

Also:

From what I've been reading to my understanding this part of the app puts the max amount of money in the last seconds of the auction.

I have a limit set to 60 on a item I want, The current bid is nearing 35. I do not wish it to jump to 60 automatically within last seconds of the bid if this is the intended purpose of this part of the App.

I would like to find out how these people are auto bidding and i must constantly type in "4.10" You've been outbid" instantly,

How are they doing this?

Like i said I do not want it to just jump to 60 in the last seconds if the bid ends at 35 and no one else was going to bid then i just lost 25 Dollars.

Please help.

Thank you

Regarding the time settings:
Sniping is bidding on last seconds. This way you can specify how many seconds before auction end.

Myibidder places the bid you specified. If nobody bid higher, you will win at the lowest possible price just enough to outbid the previous bidder by one increment only.

Those "you've been outbid" messages are part of eBay's proxy bidding system. That means someone else placed a higher bid.