Rangers have scored 13 goals in their last three home games to see off Barnsley, Preston and Reading.
But while Magilton is enjoying their fine run, he knows no prizes are given out in October.
"We're playing with confidence. The flow in the side is very good," said Magilton.
"We've shown real positivity in everything we've done. The players are believing in what John (Gorman) and I are bringing.
"If we still produce these performances in April, then the players have grasped it."