As someone who was on and off hormones for a while, yes, if you stop hormones it will go back to normal. However, after about 12 months of E your fertility will drop dramatically and after a couple of years, you will not produce sperm.
The clear fluid is produced by your prostate gland and is a natural lubricant/ carrier for the sperm. Long term exposure to female hormones will shrink the prostrate gland.
Be happy, it is a sign that you are moving towards your true gender