I needed to trace the wire going to my well once. I found someone online with a crazy method for doing it for free, and you know, it worked great!
What I did was turn the breaker off to disconnect power, then opened up the box at my well to access the wires. You then take a piece of stranded wire and connect it to any of the wires you want to trace (wire nut or twist the ends, however you want to do it). Here's the fun part - park your lawnmower or some other gasoline powered implement nearby, and wrap the wire 5-6 times around the spark plug wire.
Now get yourself a portable AM radio and a pair of headphones. Start the mower. Move the radio antenna back and forth across the wire you want to trace and adjust the frequency on the radio until you can hear the signal. I found it gets loud when the antenna is near either side of the wire, with a quiet spot directly above.
I was able to trace my wiring with no problem once I got the hang of it