The 20 tick limit is submitted on all ATM strategy stop loss orders unless you modify this property to set as stop market orders. The stop loss orders are submitted as Stop/limit orders with a negative 20 limit offset. If you place a stop limit order manually then the limit offset will be whatever you set. You can set it each time you place an order or set a value to use all the time in the properties.
So it seems the only way to change the limit offset is to enter a manual stop/limit order. So I think you need to set the ATM strategy to none and then just do manual order entry. Here is a link to NT7 instructional videos provided by Mirus showing how to enter a stop limit and specify its range in the super dom.
When your platform sets a stop limit order, it also sets a bracket for that order to turn into a stop market order. Ask your platform vendor for details, I am not sure what the offset is by default for @NinjaTrader. So the answer is yes, it can experience slippage but in a normal liquid market intraday you won't see it very often.
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The definition of a stop order is this.....once price reaches the stop it triggers a market order. This market order will then be executed at the next available limit order.
If the next available limit order is right there, which it is in the vast majority of cases you get out or in at the price you wanted. If some reason there is no limit order waiting for "a" or "your" market order (triggered from this stop) right where you want it to be your market order will be paired up with the next available limit order however far away it might be. This is quite rare. but can happen for sure.