Continue casting the magic arrow spell even after running out of mana. Stop casting the spell when your character's current and maximum hit points have increased. You character's constitution should also be increased.
More HP
Turn off visual effects in the options section under the file menu. Use a spell that increases your health. Use it until the screen stops showing your HP. Then, cast an attack spell (fireball, etc.) You will get a few thousand HP.
Maximum HP
Cast any spell continuously until your mana reaches approximately -8000. When this happens the mana should stop decreasing when you cast a spell. Then, cast a healing spell and it will add to your HP until reaching 32767. Note: If you cast more health spells after you reach that number, your HP will turn into a negative number.
Easy item finding
Create a character and select Detect Item as a first spell. Go to the dungeon, and save the game prior to descending a level in this or any dungeon. Enter the dungeon and cast Detect Items. If the items revealed are not desirable (spell books, armor, weapons, money), load the saved game and repeat. Since a different dungeon appears with each load, valuable items will eventually appear.
Easy treasure
It is possible to save just before entering a level in order to load and reload that next level to hunt for valuable items. The best item to hunt for is a Wand Of Clone Monster. Save a few Wands Of Clone Monster. When you get to the levels with Hrungnir in Castle 1, or the Giant Kings in Castle 2, clone off the Giants however many at a time you can without getting killed in the process. When you kill off the cloned Giant Kings, you will get enormous amounts of treasure.
