Disentangling how species coexist in an intraguild predation (IGP) module is a great step toward understanding biodiversity conservation in complex natural food webs. Trait variation enabling individual species to adjust to ambient conditions may facilitate coexistence. However, it is still unclear how coadaptation of all species within the IGP module, constrained by complex trophic interactions and trade‐offs among species‐specific traits, interactively affects species coexistence and population dynamics. We developed an adaptive IGP model allowing prey and predator species to mutually adjust their species‐specific defensive and offensive strategies to each other. We investigated species persistence, the temporal variation of population dynamics, and the occurrence of bistability in IGP models without and with trait adaptation along a gradient of enrichment represented by carrying capacity of the basal prey for different widths and speeds of trait adaptation within each species. Results showed that trait adaptation within multiple species greatly enhanced the coexistence of all three species in the module. A larger width of trait adaptation facilitated species coexistence independent of the speed of trait adaptation at lower enrichment levels, while a sufficiently large and fast trait adaptation promoted species coexistence at higher enrichment levels. Within the oscillating regime, increasing the speed of trait adaptation reduced the temporal variability of biomasses of all species. Finally, species coadaptation strongly reduced the presence of bistability and promoted the attractor with all three species coexisting. These findings resolve the contradiction between the widespread occurrence of IGP in nature and the theoretical predictions that IGP should only occur under restricted conditions and lead to unstable population dynamics, which broadens the mechanisms presumably underlying the maintenance of IGP modules in nature. Generally, this study demonstrates a decisive role of mutual adaptation among complex trophic interactions, for enhancing interspecific diversity and stabilizing food web dynamics, arising, for example, from intraspecific diversity.