How to apply the formatted text while editing the data in WinForms GridControl?

//Hook the CurrentCellChaged event in Form_Load 
this.gridControl1.CurrentCellChanged += gridControl1_CurrentCellChanged;

void gridControl1_CurrentCellChanged(object sender, EventArgs e)
{
    // change the format for the current cell 
    gridControl1.TableStyle.Format = "#,##0.00000";

    // check the value entered in the current cell is a type of double.
    gridControl1.TableStyle.CellValueType = typeof(double);
}

'Hook the CurrentCellChaged event in Form_Load 
AddHandler Me.gridControl1.CurrentCellChanged,  AddressOf gridControl1_CurrentCellChanged

Private Sub gridControl1_CurrentCellChanged(ByVal sender As Object, ByVal e As EventArgs)
    ' change the format for the current cell 
    gridControl1.TableStyle.Format = "#,##0.00000"

    ' check the value entered in the current cell is a type of double.
    gridControl1.TableStyle.CellValueType = GetType(Double)
End Sub