Yes, new or rebuilt makes no difference.
You do not reset a master cylinder. You should bench bleed it before installing.
Get someone to help you and bleed the brakes again. You should have bench bled the master cylinder before installing. Start at the right rear, then go to the left rear, right front, and end at the left front brake. Bleed each caliber until you see no more air escaping. If you do not know how to bleed your brakes a Google search will give you instructions. If you do it right, assuming the Master Cylinder is good, you will have good brakes. I have seen rebuilt master cylinders that were defective out of the box. If you bought a rebuilt master cylinder, I would recommend you return it and get a new master cylinder. Rebuilt products today are not rebuilt in the U.S. and it is common for them to be defective. Buy new!
get a new one then bleed your brakes A new Ford master cylinder must be bench bled before it is installed, or it will be impossible to bleed the system later.
Air in system? Remove and bench bleed master cylinder Bleed lines and calipers
Disconnect fluid linesRemove mounting boltsSlide cylinder out of booster REMEMBER TO BENCH BLEED NEW MASTER CYLINDER PRIOR TO INSTALLATION
If you did not bench bleed the master, you need to do that.
== == It is necessary to bench bleed the master cylinder before installation, there is a good tech article at DenLors including a video showing a master cylinder being bled prior to installation, see the link to the left or go to DenLorsTools.com an look at the Tech Articles. look up "master cylinder bench bleeding" on google or something...you can get the kit at autozone or someplace like that...
Bench bleed it to avoid introducing air into the system.
Before installing the master cylinder you do need to bench bleed it. Some brake master cylinders come with a bleeding kit to make bench bleeding the master cylinder easier, purchase a bench bleeding kit if yours did not come with one. The master cylinder bench bleeding kit consists of adapter fittings that screw into the master cylinder and tubes that attach to the fittings of the master cylinder. Place the master cylinder in a vise and attach the brake master cylinder bleeding kit routing the tubes into the master cylinder reservoir. While keeping the tubes submerged in brake fluid of ther reservoir, push the master cylinder piston in repeatedly using a screwdriver. You will see air traveling through the tubes into the reservoir by keeping the tubes in the fluid you are preventing air from re-entering the master cylinder when the piston returns. When there is no more air traveling through the tubes the master cylinder is ready to be installed. DenLorsTools.com has a related tech article that goes into more detail, the link is in the left column. See the Related Links for "DenLors - Master Cylinder Bench Bleeding" to the bottom for the answer.
Disconnect the brake lines Remove mounting bolts - pull master cylinder out of booster REMEMBER TO BENCH BLEED NEW CYLINDER PRIOR TO INSTALLATION
Remove electrical connections from old master cylinder remove and plug brake lines remove mounting bolts and pull off from brake booster BENCH BLEED new master cylinder prior to installing Install in reverse order of removal If bench bled properly should not have to bleed brake lines
first take master cylinder off car and bench bleed it. the new one will come the bench bleeding instrustions, but generally you push the plunger in at the back and the fluid is circulated thru little hoses back into the reserviour ,you do this about a dozen times then remount to car ,hook up pipes and bleed each wheel in closet to master cylinder to farthest last. again read instructions that come with master cylinder for complete details. If you feel you cant master this one let a auto brake store bleed them for you. if you don't get it right" you no stoppy."