Enable shell escape in Miktex running from WinEdt

I use Miktex 2.7 with Winedt for writing Latex documents.

In Winedt I did the following changes to enable shell-escape, allowing me to use automatic eps-pdf conversion.

Go to Options → Execution Modes:

for LaTeX switches type in:

--shell-escape %0

for Pdflatex switches:

--shell-escape

for Texify switches:

--tex-option=-shell-escape %0

for PDFTeXify switches:

--pdf --tex-option=-shell-escape

for ConTeXt:

--shell-escape