If you do, you could be killed since you aren't able to use an anti-drag sheild (unless you are using bronze bolts when using a standard crossbow) I don't advise OSRS Gold. Maging it could be disastrous because i've read it has amazing magical that is definitely.
When you reach the lvls of melee you'll need a rune scimmy (40atk required) and arcane armour (30 def required) as well as an amulet made of str and str potion will help.. Additionally, you'll need the anti drag sheild, as without it, the elvarg is capable of causing up to 500 damage.
Also, get a full inventory of lobsters and swordfish. Swordfish is superior, but i killed elvarg in about 40-50 fights, using just 3-5 lobbies. This setup is only to get you ready for the final boss fight against elvarg the Dragon, by the way. Another benefit is that having 33 magic can save u 10k gp (for the purpose of telegrabbling a map piece instead of buying an item from the goblin)
Remember, you'll need 33 quest point to begin this quest. (u must complete all non-mem quests just to get the 33 points) If u want to, feel free to contact me in game (Tarun Dragon) and I'll be glad to assist you and help you fund when you're struggling with cash. The entire quest is priced at 50k-60k. At the time I was doing it, rune scimmies where at 60k and it was far more.
Everyone has offered you the best advice, aside from two points. An amulet that has power would be far better than strength, as it boosts you accuracy and defence Buy RuneScape 2007 Gold. A short sword will beat an axe against dragons which are unable to resist stabbing attacks.