From Fr. Frog's website:
1 part Dexron II, IIe or III Automatic Transmission Fluid - GM Spec D20265 or later 1 part K1 Kerosene 1 part Aliphatic Mineral Spirits federal spec TT-T-2981F (CAS# 64741-49-9) or Stodard Solvent/Varsol (CAS#8052-41-1) 1 part Acetone (CAS#67-64-1)I've made this using ATF, paraffin, turpentine and acetone. Works fine. I've also used power paraffin, which is a mix of kerosene and petrol. See Moss' Mix further down.
Also from Fr. Frog:
A modification of Ed's Red that is claimed to remove copper fouling was developed by Richard McQuisten and published in The Cast Bullet #113, Jan-Feb, '95.
1 part Dexron II, IIe or III Automatic Transmission Fluid 1 part K1 Kerosene 1 part Mineral Spirits or Stodard Solvent/Varsol 1 part Acetone 1 part GM Carburetor/Upper Cylinder Cleaner
From Peter Moss.
1 part ATF - Engen Xtreme 5W-40 1 part Turpentine 1 part mix of 40% petrol + 60% illuminating paraffin 1 part Acetone
Again, from Fr. Frog.
This very "oily", (i.e. slick, greasy) lubricant appears to adhere very well to metal, with little or no creep. Thus it does not appear to drain from slides and parts during extended storage. From the formula it appears that it might not be suitable at very low temperatures.
2 parts Dexron II or III automatic transmission fluid 1 Part Mobil-1 Synthetic Oil, 30 weight, or 10W-30 1 Part STP Oil Treatment (the stuff for "old" cars w/ over 30,000 mi.)