yes bro i think here is many things which can be very need full and the pips is also a very good for a trader to use the proper pips in the trade and safe so this will be the only way from which we can got the profit and i think we should be make [pips with our margin management and with analyze the market Stop loss may be place according to the leverage and volume used by you. as said by friend you have to determine first how much amount you want to keep for risk. Then according to that amount calculate the pip value and place a stop loss.