How do I exclude spyware

I have just downloaded Avast Home edition. It keeps on picking up my Blazing Tools keylogger which I use to monitor my kids’ activities and saying it includes a Trojan Horse virus (it is picking up the keylogger exe and dll files in c:\program files\BPK). I have included the folder name in the exclusion list and included *.dll and . to try and get round this but the virus warning message still keeps appearing. How do I stop this happening?

Thanks.

There are in fact two exclusion lists: one in program settings, for the on-demand scanning.
And other in Standard Shield settings, for the on-access protection (residents).

Second, it’s necessary to put the complete mask to the exclusions, i.e. something like
c:\program files\BPK*
and
c:\progra~1\BPK*