Before he transforms, use Magic Door and gather potions
and equip the best fire resistance items then head back out. Let
him transform, then equip a long range weapon (need to have at
least 80 in Dex). Use the orb and belt potions and run back to
the entrance until you cannot see Draak. Fire in the direction
Draak was standing. After a short period of time, an intermission
sequence will appear and you will have defeated the Dragon. Gather
the key, scale, and hand then open the gate. Gather all the money
(900,000 depending on the level of your character) and gate to
town.
Do not use the hammer given to defeat Draak. Instead, buy bows
all through the game. Each time you buy a high power bow after
a level or two, a new higher power bow will appear at Gunther's
store. Buy that one, and sell the old one. Use a bow with 40%
to hit or higher. With that bow, you can stand out of Draak's
reach and kill him. First, equip you bow and get to a corner (by
the gate of gold) where Draak cannot reach you. Start hitting
him. Make sure the X Draak appears in your text box. He will groan
each time you hit him. Thunder will sound when he re-energizes.
Count the number of times you hit him before he re-energizes his
power. If it is fifty or less, you are in good shape. Put the
Time Orb on your belt. If he re-energizes at forty-nine hits,
count up to forty-eight hits and activate the Time Orb. He will
die at the forty-seventh hit the next time around.