If you insist on TeXStudio you may now download TeXStudio 2.4. You can now set up your xelatex and lualatex commands with this version.
I am using Ubuntu 12.04 but TeXStudio 2.4 must have the same features as the Windows version.
See in the picture below that there is already a separate box your xelatex and lualatex commands.

Now, in the build option, choose your default compiler. You may now choose either xelatex or lualatex. See picture below.

If you don't want to update just yet, you may look at my comment in this answer.
But it is a hassle to keep on changing your default compiler. Some times it is better to just open cmd and run xelatex myfile.tex or lualatex myfile.tex. Just CD to your source folder before doing the compile.
F6in running yourpdflatex, replacepdflatexinpdflatex -synctex=1 -interaction=nonstopmode %.texwith eitherlualatexorxelatex. – hpesoj626 Sep 14 '12 at 09:24xelatex. – Yan King Yin Dec 23 '18 at 14:00