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BQ40Z50-R1: best way to implement soft on / off of battery pack?

Part Number: BQ40Z50-R1
Other Parts Discussed in Thread: BQ40Z50

Hi,

I'd like to implement soft switch (not hardware switch) with BQ40Z50 without external FET just to control power.

One idea might be using Emergency Shutdown feature, but I'd like to hear better way or my way is right or not.

1. Simple toggle switch 

   - Press : Turn on the battery pack

   - Press when the battery is turned on : Turn off battery pack.