I recently created a UTF-8 text file using Windows notepad, and I think that I did it in the same way as in previous text files that worked fine Yet when I go into PM and try to use code replacement the code just stays there like it's a regular word. My Delimeter is the = sign and I don't have anything in the Default replacement area.
As an experiment I just tried to use code replacement from last year's sports roster text file - that I know worked - and none of them will work now.