The rules are simple: you start with this basic setup at lvl 125, the longsword at +10 and the shield and armor unupgraded. The rings are your choice but you only get one of each. As you PvP you use the following random item generator and you give yourself one misfortune with each loss and when you win you roll at the top to figure out what you get, which will be a combination of anything from one common item to two commons two rares and a misfortune; it can be anything! An example of this can be found here done by OroborotheNinja (https://youtu.be/6Sd_i9FQ1q4)
All you need is a save editor or mule and the generator at this site (http://www.chromachine.com/r2r/)