An adjustable wake setting device for modifying a wake produced by a watercraft traveling through water. The system has a mounting member dimensioned and configured for attachment to the watercraft, a foil dimensioned and configured for movement between a stowed position adjacent the mounting member, out of the water, and an active area below the mounting member, in the water, such that the foil adjusts a relative position of the watercraft in the water thereby modifying the wake produced by the water craft traveling through the water, a linkage movably securing the foil to the mount, the linkage being dimensioned and configured for adjustably positioning the foil in the stowed position and the active area, an actuator mounted on the mounting member and connected to the linkage for moving the linkage such that the foil moves between the stowed position and the active area, and a controller for selectively actuating the actuator thereby selectively moving the foil between the stowed position and the active area. A method of using the adjustable wake setting device is also disclosed.