Concurrent Anti-Malware Installations

Is it possible (or advisable) to run the "Active Protection" of two different Spyware/Malware programs (not Anti-Virus) concurrently? Or could this cause some possible conflicts? Just curious.

Edit: Topic Title should have been "Anti-Malware" -- not "Malware" -- sorry.

I choose to only run MBAM active because like "Active Protection" of multiple anti virus applications they will be looking for the same things and could get themselves confused if not cause the application to crash.

I do run Windows Defender and WinPatrol PLUS active and sometimes they alert me that they have detected new things wanting to run which I either accept or deny.