SyS Launcher can launch the console in the selected folder with the given arguments.

http://www.psxdev.net/forum/download/file.php?mode=view&id=899&sid=963fd098add9166a2db48e507c8615e8

1. Enter one of the follow commands:
psymake
cpe2x /ce main.cpe
psymake && cpe2x /ce main.cpe

2. Select ...

To start compiling - run compil.cmd.
You're can use compil.cmd in own projects. Just copy compil.cmd in you're project folder.
compil.cmd with source code in attachment.