Thank you. I was hoping for a clarification on this. However. Feels like a bad way to go about a stop loss... What if the price gaps down to 1.19 at the Pre-open and goes straight down to 0 on a slow gradual decline. Am I supposed to make my Stp price at 1.22 and limit stp at 0 to avoid such scenario?
Bingo! That is exactly the risk when you use a limit price, instead of a market order. Some other posters in this thread already mentioned that the only way to avoid this would indeed be to set the limit price to zero. Then your STP LMT order behaves the same as a STP (+MKT) order.