I took robdons quote from andrewelectricbike1 about the switch at face value, and did no thinking whatsoever! Now I've had a breif think, of course it won't work like that. If it did, then if you stopped peddling with the magnet ring in the right place, then the bike would carry on (presumably until the brake cutouts stopped it).
Assuming that it is a pulse input to the controller, and that no other input is available then you could use a 555 timer to generate the pulses, and feed that signal in via a switch.
Just a thought.