Calculating new longitude, latitude from old + n meters

The number of kilometers per degree of longitude is approximately

(pi/180) * r_earth * cos(theta*pi/180)

where theta is the latitude in degrees and r_earth is approximately 6378 km.

The number of kilometers per degree of latitude is approximately the same at all locations, approx

(pi/180) * r_earth = 111 km / degree 

So you can do:

new_latitude  = latitude  + (dy / r_earth) * (180 / pi);
new_longitude = longitude + (dx / r_earth) * (180 / pi) / cos(latitude * pi/180);

As long as dx and dy are small compared to the radius of the earth and you don't get too close to the poles.

For latitude do:

var earth = 6378.137,  //radius of the earth in kilometer
    pi = Math.PI,
    m = (1 / ((2 * pi / 360) * earth)) / 1000;  //1 meter in degree

var new_latitude = latitude + (your_meters * m);

For longitude do:

var earth = 6378.137,  //radius of the earth in kilometer
    pi = Math.PI,
    cos = Math.cos,
    m = (1 / ((2 * pi / 360) * earth)) / 1000;  //1 meter in degree

var new_longitude = longitude + (your_meters * m) / cos(latitude * (pi / 180));

The variable your_meters can contain a positive or a negative value.

The accepted answer is perfectly right and works. I made some tweaks and turned into this:

double meters = 50;

// number of km per degree = ~111km (111.32 in google maps, but range varies
   between 110.567km at the equator and 111.699km at the poles)
double coef = meters / 111.32;

double new_lat = my_lat + coef;

// pi / 180 ~= 0.01745
double new_long = my_long + coef / Math.cos(my_lat * 0.01745);

Hope this helps too.