There are a million and one hot sauce recipes on the internet. And to be honest it is hard to pick the best one. So much comes down to personal taste but here is a base from which you can experiment.
Hot Sauce Ingredients:
2 lbs of fresh chillies (variety of your choice)
2 teaspoons of salt
juice from 4 limes 1/2 a cup of white wine vinegar 1/2 cup of water
Add all the ingradients to a pan and bring to the boil. Lower the heat and simmer for 30 minutes. Blend in a food processer. Add more water/vinegar in equal parts if the mixture looks too dry. Once happy with the taste/consistency allow to cool then store in a steralised glass bottle. Put in a dark cupboard and let age at least 2 weeks.