Running Matlab as an external application from a non-Matlab editor (pspad)

I am trying to compile my Matlab script from Pspad directly, which supports running Matlab as an external application or using the matlab compiler directly. The settings are usually stored in the pspad external app runner or compiler settings and a shortcut key then enables quick execution, resulting in an instance of Matlab opening up, executing the script, saving the contents and then quitting the instance. Now, I achieve to start Matlab and try to run the script. However, the script cannot be found. I am using the following settings for Compiler execution

And the following settings when I want to use it as an external application

Does anyone have success with such an implementation of Matlab compiling directly from another editor? Thanks in advance for any help.

Regards Ashim