From ftm
This is all explained in the FTMStandaloneREADME.txt in the FTMStandalone folder of the FTM distribution (.dmg):
HOW TO CREATE AN FTM STANDALONE
1. open your patch
2. drop the "ftm-externals" folder onto the "FTMStandaloneAnte" droplet
3. create your Max standalone as usual:
- build standalone into this folder("FTMStandalone")
- make sure to choose the "application" format
4. drop the standalone on the "FTMStandalonePost" droplet
Now you can use your standalone.