All sorts of ways to make compost. What you are doing would be more of a Continuous Feed method as opposed to a Batch.
With a batch, whatever you build the heap with is what the microbes have to work with. This will result in a bunch of heat at the start, a gradual cooling, and then a quiet, slow end as the resources are consumed. At each phase, there is a dominant organism: thermophillic bacteria, mesophiles, and fungi, depending on the resources available.
In a continuous feed heap, you are replenishing resources and promoting a highly active biological environment. Such a heap will devour fresh resources rapidly, as the microbe population is high and diverse. Over time, the issue becomes Rate of Change. Adding 5 pounds of fresh material to a 200 pound heap gives it a fine
boost. Adding 5 pounds of fresh material to a 1000 pound heap shows less noticeable results. The stuff you added in the last couple weeks is being consumed by one type of microbe, whereas the stuff you added before that is now being worked on by something else. As the heap ages, all that previously added material is maturing. There is a point where the new material is such a small percentage of the total that for all intents and purposes, the heap is ready to left alone. Dump the bin, start over.
One particular advantage is the stuff you dump from the bin will still have an active population of a full spectrum of microbes. This is the ideal inoculant for a new compost heap.
Finished compost is stable humus, with little additional decomposition continuing. It is dark brown to black, has a crumbly texture and mild earthy smell. This does not mean you have to wait until this stage to use your compost. Unfinished compost can be used at any stage. The decomposition process will simply continue in the soil.