At one stage I had a mixture of dregs of engine oil, I think some sort of gearbox/ATF oil & used paraffin which worked very well on aluminium giving a very smooth finish. I've used it up now. Generally, for aluminium I use used paraffin, used because it's been used for cleaning oily components, then left for the dirtier compounds to settle, but remains discoloured.
I have used Rocol fluid, diluted 1:1 with water on steel, but don't like it. Ok it works, but I think it expensive, so much so that now I only use it if parting off, and even then I don't like the mess it leaves behind on the tool. Otherwise I now use Neatcut (I think that's the name) of which I bought perhaps a 2 litres worth from Warco at an exhibition. I find this works well enough, and appears somewhat cleaner than Rocol.
Peter G. Shaw