Bought a $200 'universal' wire tracer back in 2015. Thing was useless on anything with power. Lost a whole afternoon and the cash. | Electricians - nhfree.com
My old boss at the electrical supply house told me to never trust those things on a live wire. He said they're basically just fancy continuity testers. I keep a cheap one in my bag for tone and probe work on dead lines, but for anything hot I grab my actual voltage detector. It's a lesson you only learn once, lol.
Man, those cheap tracers are the worst for live wires! @butler.abby is right though, they're a lifesaver for dead circuits. Gotta have the right tool for the job.