Precision forging of the helical gear is a complex metal forming process under coupled effects with multi-factors. The various process parameters such as deformation temperature, punch velocity and friction conditions affect the forming process differently, thus the optimization design of process parameters is necessary to obtain a good product. In this paper, an optimization method for the helical gear precision forging is proposed based on the finite element method (FEM) and Taguchi method with multi-objective design. The maximum forging force and the die-fill quality are considered as the optimal objectives. The optimal parameters combination is obtained through SIN analysis and the analysis of variance (ANOVA). It is shown that, for helical gears precision forging, the most significant parameters affecting the maximum forging force and the die-fill quality are deformation temperature and friction coefficient. The verified experimental result agrees with the predictive value well, which demonstrates the effectiveness of the proposed optimization method.