From the Minelab Equinox Owner's ManualĀ page 52:
Iron Bias (Advanced Setting)
The Iron Bias setting adjusts the likelihood of the detector to identify a target as iron if it presents both ferrous and non-ferrous signals.
All ferrous targets produce a combination of a ferrous and nonferrous response. Large ferrous targets can even present a stronger non-ferrous response. Also, a ferrous target adjacent to a nonferrous target can produce a similar response.
The Iron Bias Settin