The ability to run an uncompiled MATLAB program against a MATLAB Compiler built standalone application and the MATLAB Compiler Runtime is not available, as of MATLAB Compiler 4.8 (R2008a).
You will need to recompile the standalone application.
At this time, it is not possible to use MATLAB Compiler to make a portable application. Applications that have been compiled with MATLAB Compiler, require the MATLAB Compiler Runtime and the requisite permissions to install them on the target machine.
Best Answer