The trace option is only available in the 32 bit versions of TC, it never got translated to 64 bit, BUT I don't have 32 bit 2017 installed so I don't know if its still there or not.
Personally I never found it suitable for accurate tracing, Most people I believe just draw over their plans using lines polylines, splines etc. however Deluxe does not have the necessary tools to create a 3D object from just lines and splines, for creating a solid type of object in deluxe (called TC surface) polylines and splines need to be closed, i.e. no open ends.
If you can please post a small picture of the type of thing you are wishing to do there are many people here who I'm sure can advise you, TC is versatile from drawing a nut and bolt, to drawing a house so a small picture of the plan and / or finished item is preferable.