Get status of some process periodically or timeout

status_timeout.js

var set_delay = 1000;
var ticker = 0;
var limit = 10;
var status = false;
callout = function (callback) {
    $.ajax({
        url: "http://private-anon-ca0f912b9-mcrdataforpublic.apiary-mock.com/"
    })
        .done(function (response) {
        console.log("requested");
        status = Math.random()>0.9; // in production should be somehow computed from response
        if(status) {
            callback(status);
        }
    })
        .always(function (stg) {
        ticker++;
        if (ticker < limit && !status) {
            console.log("status tested " + ticker);
            setTimeout(callout(callback), set_delay);
        } else if (ticker >= limit) {
            console.log("status expired " + ticker);
            callback(false);
        }
        
    });
};

// initial call
callout(cb);

function cb(status) {
    console.log("finished " + status);
}