How can I compile a code with command line?

I want to compile my matlab code using console. I have windows 7 and I also have two different version of Matlab on my computer. I know at some point I should type the following on the command line

C:\Users\HPC>mcc -m M:\all\Code\call_F.m -I M:\all\*

but I don't know what I should do before. Do I need to change the directory first? How can I say which matlab I want to use?