Abstract: Metastability-engineering strategy is an important topic for high entropy alloys (HEAs), owing to the transformation-induced plasticity effect (TRIP). In this work, TRIP effects of Co-Cr-Fe-Ni HEAs are investigated. Results indicate the tensile deformation-induced martensitic transformation occurs in Co35Cr25Fe40−xNix (x = 0–15 at %) HEAs. The excellent combination of tensile strength (760 MPa–1000 MPa) and elongation (65–35%) owe to solid solution strengthening of Co and Cr, and the TRIP effect. In non-equal molar Co-Cr-Fe-Ni systems, with the decrease of Ni content, the values of stacking fault energy (SFE) decrease; thus, TRIP phenomena occurs. Based on the experimental investigation in three different regions of the Co-Cr-Fe-Ni multicomponent phase diagram, the face-centered cubic structured Co-Cr-Fe-Ni HEAs with VEC of ~8.0 is more metastable, and TRIP phenomena are more likely to occur.