Experimentation is key, but I recently arrived at a process that works for me.
First, no matter what method you use, you have to make sure that the blade is totally clean, and free of oils or streaks. I use a bit of acetone, followed by a rinse with water, then dry it using a lint-free cloth.
For the first step, I use a cotton swab and dab a light coating of French's mustard on both sides of the blade. The goal here is to apply a light and thin coat - the patina forms where the drying mustard forms a translucent layer between the air and the steel, and not where the mustard is deep and yellow. Leave this to sit for a while to dry (10-15 min. should do).
At this point, you can either clean off the mustard or clean it off, apply another coat and keep going.
Alternatively, you can use a cotton swab dipped in vinegar to dab the mustard off the blade, leaving a thin mustard-vinegar coating. Then allow this to dry, and repeat. This helps to get rid of blotches and streaks, which tend to form around blobs of mustard if they are left to dry.
After a few applications of mustard / vinegar, rinse the blade off, dry it, and let the patina finish forming on its own.
This seems to work for me.
Before:
After:
All the best,
- Mike